Comprehensive Assignment 4: Financial Statements of a Corporation
Answer Sheet
Company Name:
(If you didn’t use one of the companies provided, copy and paste the URL for the company you are using here)
Part I (4 points)
1) List the statement title of each of the four financial statements, as they appear on your company’s
statements. Statement titles used in the real world may differ slightly from what you’ve seen in a
textbook, but you can still identify them by reviewing the information each statement provides.
Part II (4 points)
2) Locate each account and list the balance for 2014.
Balance Sheet Accounts
Accounts Receivable, net of Allowance for Doubtful Accounts
Inventory
Prepaid Expenses
Property, Plant, and Equipment, net of Accumulated Depreciation
Accounts Payable
Common Stock
Treasury Stock (if your company doesn’t have Treasury Stock, write n/a)
Income Statement Accounts
Identify two accounts on the Income Statement of your company. List the account name and its balance.
Part III (4 points)
3) Locate and provide each amount for 2014.
Current Assets
Current Liabilities
Total Liabilities
Total Assets
Total Shareholder’s Equity
Net Sales
Net Income
Number of Shares Issued
Comprehensive Assignment 4: Financial Statements of a Corporation
Answer Sheet
Part IV (4 points)
4) Calculate the following for 2014. Where appropriate round to the nearest tenth. Write results in terms
of a ratio, percentage, number of times, or number of days, whichever is appropriate. For example, an
accounts receivable turnover is written “23.5 times.”
Current Ratio
Accounts Receivable Turnover (assume all sales are credit sales)
Average Collection Period (assume all sales are credit sales)
Debt to Total Assets
Part V (4 points)
For Part V, submit your Trend Analysis as a separate pdf document. Uploads as excel will not be accepted.
Optional Extra Credit (10 points)
For extra credit, submit your 2nd and/or 3rd analysis as separate pdf documents. Uploads as excel will not be
accepted.
Note: If submitting more than one analysis, remember to use a different file name for each one that clearly
describes what is being submitted.