Top Tutors
The team is composed solely of exceptionally skilled graduate writers, each possessing specialized knowledge in specific subject areas and extensive expertise in academic writing.
Order for this Paper or Similar Assignment Writing Help
Click to fill the order details form in a few minute.
Posted: July 15th, 2022
Prepare a Financial Statement Audit
Prepare a Financial Statement Audit
Two companies: General Motors and FORD
2. These publicly traded companies should be in the same industry (Example – Manufacturing, Financial, Utilities etc.).
3. On the SEC website students will look for the following fillings:
a. Annual Report (10-K Report)
b. Proxy Statements (DEF filings). These proxy statements are filed generally within 2 or 3 months after Annual Report.
4. From the Annual (10-K) report students will provide the following information:
a. Company profile and history.
b. Financial information – Net Income, Total Assets and other financial information for calculating various financial ratios. Students have a choice in selecting these ratios (use any 5 financial ratios). Students are required to use the same ratios for both the companies.
A. Profitability Ratios:
1. Return on Equity (net income/stockholder’s equity)
B. Efficiency Ratios:
2. A/R Turnover Rate (sales/accounts receivable)
3. Inventory Turnover Rate (COGS/average inventory)
C. Leverage Ratios:
4. Debt Ratio (total liabilities/total assets)
D. Liquidity Ratios:
5. Current Ratio (current assets/current liabilities)
c. Students are required to report the current stock price for the companies.
d. Independent Auditor’s Report. Students will determine the type of audit opinion presented in the Audit report (Unqualified, Qualified, Disclaimer or Adverse).
5. From the Proxy (DEF) filings students will provide the following information:
a. Students can find information related to Audit Fees and background information of the Key Officers of the company.
b. Students will report any changes in the Auditor from the prior year and report any reason given for such a change.
6. After providing the aforementioned information students will finally provide their analysis regarding the better company to invest.
Study Notes & Homework Samples: Science Without Conscience Is a Ruin of Nation »Information SystemsWhy Choose our Custom Writing Services
We prioritize delivering top quality work sought by students.
Discounted Pricing
Our writing services uphold the utmost quality standards while remaining budget-friendly for students. Our pricing is not only equitable but also competitive in comparison to other writing services available.
0% similarity Index
Guaranteed Plagiarism-Free Content: We assure you that every product you receive is entirely free from plagiarism. Prior to delivery, we meticulously scan each final draft to ensure its originality and authenticity for our valued customers.
How it works
When you decide to place an order with Dissertation Help, here is what happens:
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.