Discusion Post 2/26/2024
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FIN-350-RS-T1-CompanyFinanciaAnalysisProjectTemplate.docx
assignment2-26-2024.docx
1-How do accountants and financial managers differ in their use of financial information? Why is cash flow more significant to a financial manager than it is to an accountant?
2- What are the costs and benefits of holding liquid securities on a firm’s balance sheet? Provide an example.
3- The purpose of this assignment is to analyze an annual Securities and Exchange Commission (SEC) report and perform research to evaluate the financial strength, efficiency, and effectiveness of an organization.
Select a publicly traded company and submit it to your instructor for approval.
Find the company’s 10-k in the Securities and Exchange Commission's website (SEC.gov).
Read and analyze the "Management Discussions and Analysis of Financial Condition and Results of Operations" and "Financial Statements and Supplementary Data" sections of your selected company's annual report (10k). Other sources of information include the company’s website or news publications.
Based on the information in the company’s financial statements, calculate one relevant ratio from each of the following four categories, providing a comparison (trend, cross-sectional, or industry comparative analysis):
· Liquidity
· Asset management
· Financial leverage
· Profitability
Refer to the "Company Financial Analysis Project Template." Using your ratios and research, write a 750-1,000 word analysis, providing an assessment of the following items:
· Include the company’s challenges, strategies, growth plans, product changes, and mission statement alignment.
· Discuss recent trends in the company’s stock price.
· Evaluate the overall financial strength of the company.
· Based on your findings, provide an evaluation of the efficiency and effectiveness of the organization.
Include a minimum of three credible sources.One must be from the Wall Street Journal, and one must be the company's 10-K.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.
Benchmark Information
This benchmark assignment assesses the following programmatic competencies:
3.1: Use financial statements in order to evaluate the efficiency and effectiveness of an organization.
5.3: Evaluate budgeting and accounting reports to determine the financial strength of an organization or financial proposal.
FIN-350-RS-T1-CompanyFinanciaAnalysisProjectTemplate.docx
5
Benchmark- Financial Analysis Project
[Your Company Name Here]
[Your Name Here]
Colangelo College of Business, Grand Canyon University
FIN-350, Fundamentals of Business Finance
[Instructor Name]
Running head: ASSIGNMENT TITLE HERE
1
[Date]
Start with an introduction of your company. Your company’s website and Item 1 “Business” in the 10-K is a helpful source for this information. Describe your company’s purpose, products, locations, etc.
Now you can begin providing financial information. The following charts should be completed, using information from the most recent 10-k.
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From sec.gov |
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Company |
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$ in millions |
As of date ___ |
As of date____ |
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Cash / Marketable Securities |
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AR |
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Inventory |
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Current Assets |
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Fixed Assets |
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Total Assets |
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AP |
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Current Liabilities |
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Total Liabilities |
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Total Stockholder’s Equity |
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Total Net Sales / Revenue |
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COGS |
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EBIT |
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Interest Expense |
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Earnings / Net Profit / After Tax Profit |
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Stock Price |
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Ratios |
From chapter 14 |
From sec.gov |
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Company |
Competitor |
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Ratio Category |
Ratio Name (choose 1 from each category) |
Ratio Formula |
12/31/20 ratio |
12/31/21 ratio |
12/31/21 ratio |
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1. Liquidity |
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2.Effectiveness / Asset Mgmt |
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3. Leverage |
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4. Profitability |
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You can now begin your analysis. Your paper should follow the outline below.
Challenges, Strategies, Growth Plans, Product Changes, and Mission Statement Alignment
Address each of these key aspects of the business. Item 7 “Management’s Discussion” in the 10-K is a helpful source for this information. Research current news related to your company in the WSJ. Include challenges the company is facing, information about any strategic acquisitions, and major new products. Share your thoughts about what the company needs to do to be / remain successful and stay true to their mission statement.
Recent Trends in the Company’s Stock Price
This discussion should address the company’s stock performance Describe if you think the stock is trending favorably, unfavorably or remaining stable over time, and why. Based on your research using the company’s website, WSJ, 10-k and other credible sources, share your insights about what may be impacting the market’s valuation of your company.
Overall Financial Strength
Here, you should address the company’s liquidity and leverage which you included in the chart above. Explain the ratio, whether the company’s position is strong or weak, and what is contributing to this strength or weakness. Make relevant observations with comparisons to a competitor, the industry, or prior year. Review the balance sheet and income statement and note line items that changed and what may have caused the change.
Evaluation of Efficiency and Effectiveness
In this section, address the company’s efficiency and profitability/effectiveness ratios from your chart above. Explain the ratios, whether the company’s position is strong or weak, and what is contributing to this strength or weakness. Make relevant observations from the balance sheet or income statement as applicable. If the ratios changed materially versus last year, describe the trend, whether positive or negative, and what may have caused the change.
References
List references here (and cite usage in-text) according to APA format. Be careful about using sources other than those available on the company’s website (Annual Report/10K, Press Releases, etc.). Use the WSJ. Make sure the sources are credible. Be sure to submit your project to LopesWrite.
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