QuestionQuestion

Cash Flow and Retained Earnings:
15. List the amount of cash flows from each of the 3 activities: Operating, Investing, and Financing for the 2 most recent years. What was the increase or decrease in cash for each of these years?
16. Were there any Non-Cash Investing/Financing Transactions? Describe the type and amount.
17. What is the dollar difference between accrual net income and Cash provided by Operations?
18. What investing activity provided the largest inflow of cash in the current year?
19. What investing activity used the largest amount of cash in the current year?
20. What financing activity provided the largest inflow of cash in the current year?
21. What financing activity used the largest amount of cash in the current year?
22. Does the company have sufficient cash inflows from the appropriate category? Describe any problems the company many experience with cash flow from your analysis of the cash flow statement.
23. Show the change in Retained Earnings for the 2 most recent years. What was net income for each year? How much was paid out in dividends each year?
24. Were the dividends on common stock and/or preferred stock? What was the amount of each?
25. Did Retained Earnings change for any reasons other than net income or dividends? Explain.
26. What classes of stock does your company have?
27. How many shares of each class of stock are authorized, how many are issued, and how many are outstanding?
28. Does your company have any treasury stock? How many shares and what dollar amount?
29. What is the par or stated value of each of your company’s stocks?

Footnote Disclosures:
30. How many footnote disclosures does your company have?
31. How many significant accounting policies are listed under its Summary of Significant Accounting Policies?
32. What does it include as Cash and Cash Equivalents?
33. What method does it use to value Inventory?
34. What method(s) does it use to depreciate its assets?
35. Does it have any leased assets? If yes, describe them.
36. What policies does it have in regard to Foreign Currency Translations?
37. Describe any pending lawsuits in which it is involved.
38. Provide its Earnings per Share for the 2 most recent years?

Report of the Independent Auditor(s):
39. Who is/are your company’s auditor(s)?
40. Where are they located?
41. Does the auditor(s) give a qualified opinion, an unqualified opinion, a disclaimer of opinion, or an adverse opinion? What does that opinion mean? Is it good?
42. What is the auditor’s responsibility in regard to the financial statements?
43. What is management’s responsibility in regard to the financial statements?
44. What financial statements were included in the auditor’s opinion?
45. Did the auditor believe that the statements were presented fairly?

Management’s Report:
46. Who bears the responsibility for the integrity and the objectivity of the financial statements?
47. What does management say they are doing to assure the public that the financial information is reliable?
48. What is the responsibility of the Audit Committee of the Board of Directors?


Analysis: (use Excel to complete this section)
49. Provide common-size analysis of your company’s income statement and balance sheet for the 2 most recent years (must be done using Excel with formulas).
50. Provide horizontal analysis of your company’s income statement and balance sheet, showing the dollar amount and percent of change using the 2 most recent years (you must use an Excel spreadsheet with formulas).
51. Perform ratio analysis on your company using the ratios listed on page 706 or 707 (Exhibit 17.16- there are 19 ratios) of your text (these must be in an Excel spreadsheet, using formulas to calculate the ratios). You should present them in a similar format as the text: group by category, list name of ratio, formula in words, and the ratio calculation. Give a short explanation of your conclusions about your company after each category of ratios (i.e. How liquid is your company? How efficiently is it using its assets? etc.).

Conclusions:
52. Are you optimistic or pessimistic regarding the future of your chosen corporation? Explain.
53. Would you invest in the stock of the company? Explain.
54. Would you invest in the bonds of the company? Explain.

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15. List the amount of cash flows from each of the 3 activities: Operating, Investing, and Financing for the 2 most recent years. What was the increase or decrease in cash for each of these years?
The total cash provided by operating activities for the Fiscal year 2014 is $1,094 Million and it increased to $1,935 Million in the Fiscal Year 2015. The cash inflows provided by operating activities of the company increased by $841 Million over the year.
Total cash used by investing activities for FY 2014 is $517 Million and increased to $1,712 Million in FY 2015. The cash outflows for investing activities increased by $1,195 Million from last year....
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