Description
his week we will start analyzing the cash flow statements and interpret what we see. This week’s assignment requires calculating the ratios and interpreting your findings. Use the www.msn.com-money or www.morningstar.com to evaluate your findings against the performance of the industry and CVS.
Be prepared to discuss your findings. We will also discuss facets of accrual accounting: accruals and deferrals. Yes, as a manager, you need to know about these concepts as you are an important contributor to this information. We will also discuss Merchandising Operations and analyzing the income statement.
We will then examine profitability ratios as well as Earnings Per Share and find out what the difference is between basic EPS and diluted EPS.
No financial decision-maker should ever rely solely on the financial information reported in the annual report to make decisions. It is important to keep abreast of financial news. This activity demonstrates how to search for financial news on the Internet.
Address: http://biz.yahoo.com/i or go to www.wiley.com/college/kimmel
Steps:
- Type in either Wal-Mart, Target Corp. or Kmart
- Choose News
- Select an article that sounds interesting to you and that would be relevant to an investor in these companies.
Instruction:
Assume you are a personal financial planner and that one of your clients owns stock in the company. Share with us a summary of the article and explain the implications of the article on the financials and ultimately your client’s investments.
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