Requirements:
A. Obtain the financial statements for the past four fiscal years for the company you selected. This may require using older annual reports that are available on the company’s website.
B. Prepare a multi-step income statement, classified balance sheet, and statement of cash flows in condensed format for the past four fiscal years. Condensed means some accounts are grouped into one summarized subtotal, but no numbers are left out of the computations. Each financial statement should total properly. Use the provided forms.
C. Using the condensed financial statements, prepare a trend analyses for the income statement, balance sheet, and the sources and uses of cash statement for the past four fiscal years. Use the provided forms.
D. Using the condensed financial statements, prepare common-sized financial statements for the income statement, balance sheet, and the sources and uses of cash statement for the past four fiscal years. Use the provided forms.
E. Submit one page of written analysis. Comment on significant amounts, trends, and relationships. When appropriate, reference amounts from the trend analyses and common-size statements.