ACCT310 week 1 homework
Question # 00372981
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Updated on: 08/28/2016 10:10 AM Due on: 08/28/2016
Review the 2015 Annual Report on Form 10-K for The Coca-Cola Company. Respond to the following questions in complete sentences and include the page number of the report where you found your answer.Category: Revenue and Net Income
1. What were the company's revenues for the most recent fiscal year? Comment on the trend in total revenue. Is it increasing or decreasing during the past two years?
2. Compare net income over the past two years. How much and by what percentage did Net Income change?
3. Comment on individual revenue or expense items that had significant percentage changes (changes as a percentage of total revenue or total expenses) over the most current three years.
Category: Irregular Items
1. Identify and describe any irregular items reported on the Income Statement, such as discontinued operation or extraordinary items,?
2. Did your company change any accounting principles that would have required a retrospective adjustment to the financial statements?
3. Were there any prior-period adjustments (PPA)? If so, what caused the PPA's?
Category: Analysis
1. Prepare a horizontal analysis of your company's Income Statement over the past two years.
2. Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis. How do the results for your company compare to industry averages?
a. Accounts receivable turnover
b. Profit margin
c. Return on assets
d. Times interest earnedUpload your submission to the dropbox by the end of Week 1.
1. What were the company's revenues for the most recent fiscal year? Comment on the trend in total revenue. Is it increasing or decreasing during the past two years?
2. Compare net income over the past two years. How much and by what percentage did Net Income change?
3. Comment on individual revenue or expense items that had significant percentage changes (changes as a percentage of total revenue or total expenses) over the most current three years.
Category: Irregular Items
1. Identify and describe any irregular items reported on the Income Statement, such as discontinued operation or extraordinary items,?
2. Did your company change any accounting principles that would have required a retrospective adjustment to the financial statements?
3. Were there any prior-period adjustments (PPA)? If so, what caused the PPA's?
Category: Analysis
1. Prepare a horizontal analysis of your company's Income Statement over the past two years.
2. Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis. How do the results for your company compare to industry averages?
a. Accounts receivable turnover
b. Profit margin
c. Return on assets
d. Times interest earnedUpload your submission to the dropbox by the end of Week 1.
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Solution: UMUC ACCT310 week 1 homework