5IP

Part I

Deliverable Length: 1 page

Review the Bank of America general business information, letter or report to shareholders, and management's discussion and analysis of the company provided in the annual report.

• Summarize the business. Considering also:
  • The business entity as a whole including the demographic location
    • Where is the business located?
    • Does the business have a physical building?
    • It may help to understand if a business location compliments or discredits what is presented in the financial statements.
  • How the business is organized
    • Corporation
    • Partnership
    • Proprietorship
  • Length of time in business
  • History of the business
  • Is the company currently involved in litigation?
• Explain management's analysis of the company and predictions for the future.

Part II

Deliverable Length: 1 page

Review Bank of America financial statements and then respond to the following questions:

1. Calculate the following ratios:
   • Net profit
   • Debt to equity
   • Net quick
2. Perform a trend analysis on net income after interest and taxes.
   • What is the overall financial condition of the company based on your analysis?

NEW CONTENT

Part III

Deliverable Length: 2 pages

• In your opinion, how is the reliability of financial statements (including statements prepared by management)
• How the financial statements you have reviewed complies with the SEC Code of Ethics, especially:
  • Fair and full reporting of financial information
  • Full compliance with SEC rules and regulations
  • Unethical financial dealings
  • Accountability