Procrastination

Financial Accounting

Annual Report Project

Choose two companies that are in the same industry to analyze for your final project(not Google or Yahoo, MSN, AOL).

The companies you choose must be domestic rather than foreign companies.

Next obtain a copy of each company's most recent annual report (if the annual report is not available, you may use the company's annual 10-k). On the company's website look for "About the Company" and then look for the "Investors" section. You should be able to find the annual report under the investors section. To find the 10-k visit http://www.sec.gov/, click "Search the EDGAR Database", and search using the  company name.

Consolidate the information in the company's report to produce a five to ten page document of your own. Your report should include:

• A description of each company's progress in the last year.

• A spreadsheet(s) with a horizontal and vertical analysis and all the ratios you deem relevant, as well as your interpretation of each ratio and its importance in your final assessment of the financial viability of each company.

• At least 2 charts in support of the spreadsheet or written material for each company.

See examples of horizontal analysis and vertical analysis.

See financial accounting text/s for samples of the types of charts you can create for use in your paper.

Here is a list of ratios that you may want to include in your analysis:

|Return on assets |

|Cash return on assets |

|Profit margin |

|Current ratio |

|Working capital |

|Profit margin |

|Asset turnover |

|Return on assets |

|Debt to equity...