Accounting for Managers

Thank you for your milestone submission. Below are the areas of improvement for the final submission.

INCOME STATEMENT

· Data Analysis:

· The % changes are calculated incorrectly. There are two ways to calculate it

· Newest period – older period ÷ older period (the answer used the newer period instead of the older period in the numerator)

· Newest period ÷ older period -1

· Question 3:

· What about the expense side of things?

BALANCE SHEET

· Data Analysis:

· Same as on Income Statement analysis

CASH FLOW

· Data Analysis:

· Same as on Income Statement analysis

· Question 3:

· Incorrect. For more insight read page 31 on the 10-K

BUSINESS PERFORMANCE RATIOS

· Question 1:

· Correct

· Question 2:

· Correct as far as it goes, this site might help https://www.myaccountingcourse.com/financial-ratios

· Question 4:

· We are looking for a broader answer. In general, what makes the ratios change?

BALANCE SHEET RATIOS

· Question 1:

· See the article for more insight https://corporatefinanceinstitute.com/resources/knowledge/finance/asset-management/

· Question 2:

· The answer misses some key elements which can be found on pg. 51 and 90 of the 10-K

· Question 3:

· Thank you

EXECUTIVE SUMMARY

· If you read the Notes to the Financial Statements, you will see that the loyalty program is a major effort for the company, suggesting its discontinuance would not be taken well

· Paragraph 4 is contradictory from the first sentence to the last sentence

 

POWERPOINT

· Use the PowerPoint required in the project classroom, not your own

· What did your analysis tell you about the ratios you mention?

· Recommendations should be the result of the findings of the analysis

Let me know if you have any questions.