Financial Statements

Refer to this company’s financial statements for its most recent fiscal year.

  1. What is its fiscal year-end date (month, day, year)? Why is it not December 31?
  2. How much cash did the company have at the end of its most recent fiscal year?
  3. What were the company’s total assets at the end of its fiscal year?
  4. Write the company’s accounting equation at the end of its fiscal year by filling in the dollar amounts (assets = liabilities + owner’s equity).
  5. Identify the total revenue for the fiscal year. How much did the total revenue increase or decrease from the prior fiscal year?
  6. How much net income or net loss did the company experience last fiscal year? Was its most recent fiscal year a good year or a bad year compared to the prior year? State your reasons.
  7. Identify 3 accounting policies listed in the notes to the company’s financial statements.

Please submit your assignment.
1–2 pages (Word or Excel file)

Grading Criteria
What is its fiscal year-end date (month, day, year)? Why is it not December 31?12%
How much cash did the company have at the end of its most recent fiscal year?12%
What were the company’s total assets at the end of its fiscal year?8%
Write the company’s accounting equation at the end of its fiscal year by filling in the dollar amounts (assets = liabilities + owner’s equity).12%
Identify the total revenue for the fiscal year. How much did the total revenue increase or decrease from the prior fiscal year?16%
How much net income or net loss did the company experience last fiscal year? Was its most recent fiscal year a good year or a bad year compared to the prior year? State your reasons.16%
Identify 3 accounting policies listed in the notes to the company’s financial statements.24%
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