FIN 5080 Quiz 1 Extra Credit
This extra credit assignment looks at a real world example of financial statements filed by companies with SEC.
For students with first names starting from A-H => use KO
For students with first names starting from I-R => use AAPL
For students with first names starting from S-Z => use NKE
Based on your first name, find the balance sheet and notes to the financial statements in the most recent FORM 10-K for your publicly traded company. The Form 10-K can be located by going to the home page of the Securities and Exchange Commission (). Then under ‘Filings”, select “Company Filings Search” and then under “Fast Search”, enter the Ticker Symbol of your company. Get the most recent Form 10-K filed by clicking on “Interactive Data”.
Answer the following questions (you must also post the link to your company files along with your answers in the Assignment Dropbox):
1. Balance Sheet:
a. What current assets are included in the balance sheet?
b. What current liabilities are included in the balance sheet?
c. Does the company have long-term debt? How much?
d. What is the book value of equity?
2. Accounting Policies:
a. What method does the company use to value inventory?
b. What depreciation method does the company use?
3. Market Value of Equity:
a. What is the market value of equity? Market Value of Equity = shares outstanding times share price. You can get this information from website.
Enter your company ticker symbol in the Quote Lookup Box. For share price, use the “Prev Close” number and also state the date on which you obtained this data.
b. What is more relevant in decision making: book value or market value? Why?