Financial Statement Analysis

 Part 1: Obtain the most recent financial statements (the annual report or Form 10-K) for a software development company from the U.S. Securities and Exchange Commission Web site (http://www.sec.gov/).

 Part 2:  decide upon the best ratios for creating a forecast model for sales through operating income.

 Part 3: Develop a forecast model for sales through operating income. Create the forecast in Excel. In a Word document, describe the set of assumptions (ratios) you used, and explain how you justify them.