Acg2021Resarch Project

ACG2021

SPRING2012 PROJECT

Obtain a copy of the 2010 Annual Report of a Fortune 500 company. The Company must not be a bank, finance, oil or utility company and must use US GAAP. Choose a merchandising company; that is a Company that sells a product. You can get the report on the internet or directly from the Company (try in “investor relations” section of company’s website). You can find the Fortune 500 list at: http://money.cnn.com/magazines/fortune/fortune500/2011/industries/

Answer the following questions and include the page of the Annual Report that you used to answer the questions with the information clearly marked (highlighted, underlined, etc.). Attach to the project only the pages that you used for the answers not the entire Annual Report.

1. Name of the CPA firm that performed the audit

2. Home office of the Company

3. What does the Company do?

4. What is the most current year net income?

5. What is the most current year gross profit and gross margin percent?

6. Did net income increase/decrease over last year’s?

7. How much was interest expense?

8. How much cash was provided/used from operating activities?

9. How much cash was provided/used from investing activities?

10. How much cash was provided/used from financing activities?

11. How much working capital does the company have at year end?

12. How much was the total amount of dividends declared during the most current year?

13. What is the most current year’s earnings per share?

14. What is the total number of shares outstanding at year end?

15. What was the inventory method used?

16. What is the total amount of property, plant and equipment?

17. What was the depreciation method used?

18. What is the range of useful lives used to depreciate property, plant and equipment?

19. How much are long-term liabilities?

20. Does the company have deferred tax assets or liabilities?

21. Does the company have leases? If so,...