business math

the company you will use will be general Motors

Financial Statement Analysis

Outline of Individual Project

Obtain approval from your instructor for a company that you will analyze for this project. The company must be from this list.

Download the most recent Annual Report from your chosen company’s Web site; this is commonly located on the Investor Relations page. Prepare a report analyzing business mathematics concepts. Be sure to include the following in your report:

• Explain how mathematics is used in the preparation of financial statements.
• Discuss examples of business problem solving using mathematics from the Annual Report. 
• Explain the cost recovery methods used in the Annual Report, and indicate how these are factored into the Balance Sheet and Income Statement. 
• Discuss the types of indebtedness reported on the Balance Sheet and how the interest is computed.
• Prepare and explain a horizontal analysis of the Balance Sheet for all years presented in the Annual Report. 
• Prepare and explain a vertical analysis of the Income Statement for all years presented in the Annual Report. 
• Explain the importance of using ratios and percentages in communicating financial results