ACC561Week 1 Paper

Select an American corporation.

Visit its website and download the Income Statement, Statement of Stockholders Equity, Balance Sheet, and Statement of Cash Flows.

Complete the University of Phoenix Material: Financial Statement Review Worksheet.

Submit the completed worksheet, copies of the downloaded financial statements, and a link to the website.

Click the Assignment Files tab to submit your assignment.

Financial Statement Review

What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors?

What is the ending balance in stockholders’ equity? Why would a labor union potentially be interested in this information?

What is the total value of assets? Why would this information be important to a potential creditor?

What is the total cash flow from operation?

What financial statement user would find this information most important?