Business Accounting & All Calculations Based on This Company Discussion

In this discussion, you will use information you find in a company’s Form 10-K, which is the annual report that publicly-held companies file with the Securities & Exchange Commission (SEC.)

The first thing you need to do is find a recent 10-K (issued within the past twelve months) for a publicly-held company in which you are interested.You can use the same Form 10-K that you have used in earlier postings or you can find a Form 10-K for a different company.

To find a Form 10-K, you will use the SEC Edgar database. Search online for “SEC Edgar.”If you know what company you are interested in, you might also be able to go to that company’s Investor Relations website and locate its Form 10-K there. You can also view a short video about how to locate a Form 10-K on the SEC EDGAR site at

http://youtu.be/MPgvGua9-RM (Links to an external site.)

In this initial posting for this discussion, calculate the following ratios for the company you have selected for the most two years of financial statements in the Form 10-K:

Current ratio

Quick ratio

Inventory turnover (if the company has inventory)

Accounts receivable turnover (assume all sales are on credit)

Accounts payable turnover

Debt ratio

Gross margin percentage

What conclusions can you make about this company based on the ratios that you computed?

Follow-up posting

For your second posting for this discussion, please reply to a classmate’s posting and compare your company’s ratios to the ratios calculated for your classmate’s company.

What conclusions can you make by comparing the two companies?

Are the two companies in the same industry?

What impact does industry have on the conclusions you can make from the comparison?

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