02 Jul Interpret and answer the following questions from the annual reports linked in the document
Using the Annual Report of your selected company answer the following questions in the Discussion: • • • • • • • What is the value of the company’s inventory at year end? What was the amount of cost of goods sold for the year? What income statement format does the company use? Explain. Compute the company’s gross profit percentage for the year end. Did the gross profit percentage improve, worsen, or hold steady? How does the company’s gross profit percentage compare to the industry? What are the company’s inventory turnover and days sales in inventory for the year end? Is there anything interesting to note about these ratios? Using the Annual Report of your selected company answer the following questions in the Discussion: • • • • What balance sheet format does your company use? What is the company’s largest current asset and largest current liability at year end? Compute the current ratio at year end. Did the current ratio improve, worsen, or hold steady? Using the Annual Report of your selected company answer the following questions in the Discussion: • • • • • • • • • • • • What is the name of the outside auditing firm for your company? How long after the company’s year-end did the auditor’s issue their opinion? Who bears primary responsibility for maintaining effective internal control over financial reporting? How can you tell? Does it appear the company has adequate internal control procedures? How can you tell? By how much did the company’s cash balance change from the beginning of the year to the end of the year? What type of instruments does the company consider to be cash equivalent? Calculate the cash ratio. How does this ratio compare with the industry? What is the balance of accounts receivables for the company? Compute the acid-test ratio. If the current liabilities came due immediately, could the company pay them? Compute the accounts receivable turnover at year end. Compute days sales in receivables at year end. Based on the acid-test ratio, accounts receivable turnover, and days sales in receivables, how does the company compare to the industry? • • http://www.annualreports.com/HostedData/AnnualReportArchive/s/NYSE_SNA_2 017.pdf http://www.annualreports.com/HostedData/AnnualReportArchive/s/NYSE_SNA_2 016.pdf …
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