Accounting

Review of Financial Statements

Visit Yahoo Finance and locate a publicly-traded company (for example Walmart, Kohls) and review the financial statements of the last two years of the and compute the following ratios:

• Current ratio
• Quick ratio
• Accounts receivable turnover
• Days sales of receivables
• Inventory turnover
• Days sales of inventory
• Gross profit margin
• Net profit margin

1. Please discuss whether the company’s financial performance improved, declined, or stayed the same.
2. Were there any major events that had an impact on the financial statements? Please explain.