ACCT 1120 ~ Financial Accounting IT Financial Statement Analysis Assignment Reveed 41614 This is a two part project. In part one you are going to have the opportunity to gather financial information on a public corporation, You will be asked to answer several questions and submit that information online as part of the project. In part two you are going to have a chance to analyze that same information by writing a short report that discusses your opinion of the company’s financial position. This project was designed to give you a first-hand experience of being a “User” of financial information. Good luck and have fun! It is due on the date shown on the calendar. Step 1: Go to the Amazon.com web site, Seroll to the bottom of the page. Click on the Investor Relations button, Click on the Annual Reports and Proxies button. Go to the 2011 annual report and print the Financial Statements (annual report pages 36-39. Step 2: Go back to the Annual Reports and Proxies page. Download the 2012 Annual Report to your computer. (I suggest you download it instead of printing it because it is very long AND using the find feature will come in handy.) Print the financial statements, You can find the page number reference on the table of contents page in the annual report. (You find the page numbers this time!) Step 3: Print this assignment. Find the answers and write them on your printout. Enter your answers to the questions in Part One in MAL to be graded. Dollar amounts on the financial statements are in millions, When you are answering questions leave off the 6 zeros. Only numbers can be entered. No dollar signs, comma’s, plus or minus signs are allowed. All questions refer to 2012 unless otherwise indicated. Step 4: Complete Part Two. Consult the writing instructions below and review the grading rubric on page 5 After you are confident you know what is expected, write your paper. Be sure to use the Industry Averages given on page 3. Part 1 Questions 1. Who audited the financial statements? 2, Whe a 25, Using the Statement of Operations, what were weighted average shares used in computation of diluted EPS? Lg {99 26. Using the Notes to Financial Statements, the balance in Allowance for Doubtful Accounts as of December 31, 2012 was: |) (p 27. Using ten Notes to Consolidated Financial Statements, which method is used for inventory valuation? LEC 28. On which page of Notes does Amazon disclose that all highly liquid instruments are included as cash equivalents? ) | 12 28. Using the Notes to Consolidated Financial Statements, how is “Revenue” recognized from product sales orservicesrendered ACH LV WOON Collect Od Page 2 of 730. Using the ise to Consolidated Financial Statements, what were Amazon.com's current taxes for 2012? 31. Using, ele, Notes to Consolidated Financial Statements, how many legal proceedings is Amazon involved in? 24 32. Using the Notes to Consolidated Financial Statements, were there any changes in Internal Control over Financial Reporting? )\ 9 2, Calculate Gross Profit Margin Percentage for 2012: b 34, Calculate Gross Profit Margin Percentage for 2011: 35. Calculate Days" Sales in Receivables for 2012: 36. Calculate Days’ Sales in Receivables for 2011: 37. Calculate Inventory Tumover for 2012: 2, Z 38. Calculate Invetory Tumover for 2011: 39. Calculate Current Ratio for 2012: 40. Calculate Current Ratio for 2011: I 41. Caloulte Debt to Ta Assess Rati for 2012 “15% 42. Calculate Debt to Total, Assets Ratio for 2011: 43. Calculate Acid-Test (Quick) Ratio for 2012: w 44. Calculate Acid-Test (si Ratio for 2011: 45. Calculate Profit Margin for 2012: 46. Calculate Profit Mong for 2011: BIN 47. Calculate Rate be Return on Common Stockholder’s Equity for 2012: 48. Calculate Rate of Return on! Common Stockholder's Equity for 2011: WBN 49, Calculate Times Interest Eamed Ratio for 2012: 50, Calculate Times Inierest Eamed Ratio for 2011: SI. Calculate the Price/Earnings ratio for 2012: ~ AGG. 52. Calculate the Price/Earnings ratio for 2011: 121-39 Page 3 of 7