Rardin Milestone 1 ACC 345 Business Valuation
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Rardin 1
Milestone 1
Matthew E. Rardin
Southern New Hampshire University
ACC 345: Financial Statement Analysis/Business Valuation
Professor Elliott Chestor
October 29, 2023
Milestone One: Introduction
............................................................................................................
3
Links
.............................................................................................................................................
3
History and Overview
..................................................................................................................
3
Summary
......................................................................................................................................
5
Milestone One References
...........................................................................................................
5
Milestone One: Introduction
Links
1.
Provide the most recent SEC Form 10-K Filing link for the company. https://d18rn0p25nwr6d.cloudfront.net/CIK-0000080424/f3672cf9-5f0c-4352-aa0f-
044f80466073.pdf
2.
Provide the most recent SEC Proxy Filing link for the company.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000080424/efa7cd68-864a-466b-ac8b-
e30c6fce3262.pdf
History and Overview
1.
Provide a brief company history overview based on external research of the company. Consider the following questions to guide your response:
A.
How long has the company been in business?
B.
Who was the original founder of the company?
C.
What significant changes to company leadership have occurred? D.
How has the company changed since its beginning? Consider expansion of locations or products/services, etc.
The company has been in business for over 186 years. The company was formed when William Proctor, a British Candle Maker, and James Gamble, an Irish soapmaker, merged
their business in Cincinnati. (Britannica 2023) The company has grown from just selling candles and soaps to a wide array of personal hygiene products, cleaning products, baby products, and pet care.
2.
Identify all of the customers recognized by the company.
Find this information in the annual Form 10-K filing, in Part 1, Item 1: Business.
“Proctor and Gambles key customers include mass merchandisers, e-commerce (including social commerce) channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, high frequency stores, pharmacies, electronics stores and professional channels. They also sell directly or consumers.” (Proctor and Gamble 2023) 3.
List all of the names of the executive management team of the company.
Find this information in the annual Form 10-K filing, in Part 3, Item 10: Directors, Executive Officers and Corporate Governance or in the Annual Proxy filing, under “Executive Officers,” or “Officers Compensation.” You may copy and paste a chart into this section from the annual Form 10-K filing. Be sure to add your own
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explanation of the information in the chart along with an attribution and a citation in the References section at the bottom of this template.
Board Of Directors:
B. Marc Allen
Brett Biggs
Sheila Bonini
Angela Braly
Amy Chang
Joseph Jimenez
Christopher Kempczinski
Debra Lee
Terry Lundgren
Christine McCarthy
Jon Moeller- Is currently the CEO
Robert Portman
Rajesh Subramaniam
Patricia Woertz
4.
Identify all of the competition recognized by the company.
Find this information in the annual Form 10-K filing, in Part 1, Item 1: Business.
Competitors are large and small businesses that sell similar products such as the Wal-
Mart Brand, Kroger Brand products. (Retailer private brands) 5.
Identify all of the major shareholders of the company.
Find this information in the Annual Proxy filing, under “Beneficial Ownership.”
Beneficial Owners are the Black Rock Inc(159,681,048 shares 6.76%) and the Vanguard Group (225,735,413 shares 9.56%)
.
6.
Describe business risks recognized by the company.
Find this information in the annual Form 10-K filing, in Part 1, Item 1A: Risk Factors. Item 1A in the annual Form 10-K will be lengthy. Do your best to summarize the risks the company has identified.
Name
Position
Age
First Elected to Officer
Position
Jon R. Moeller
Chairman of the Board, President and Chief Executive Officer
59
2009
Shailesh Jejurikar
Chief Operating Officer
56
2018
Andre Schulten
Chief Financial Officer
52
2021
Gary A. Coombe
Chief Executive Officer – Grooming
59
2014
Jennifer L. Davis
Chief Executive Officer – Health Care
52
2022
Ma. Fatima D. Francisco
Chief Executive Officer – Baby, Feminine and Family Care and Executive sponsor for
Gender Equality
55
2018
R. Alexander Keith
Chief Executive Officer- Beauty and Executive Sponsor for Corporate Sustainability
55
2017
Sundar Raman
Chief Executive Officer- Fabric
and Home Care
48
2021
Victor Aguilar
Chief Research, Development and Innovation Officer
56
2020
Marc S. Pritchard
Chief Brand Officer
63
2008
Balaji Purushothaman
Chief Human Resource Officer
54
2023
Susan Street Whaley
Chief Legal Officer and Secretary
49
2022
The uncertainty of the exchange rate for the U.S Dollar could impact the financial statement due to operating in over 180 countries. Global conflicts such as the Russia and Ukraine War could impact business operations.
7.
Explain how the company is committed to Environmental, Social and Governance (ESG) efforts and sustainability.
Find this information in the annual Form 10-K filing, in Part 1, Item 1: Business or in Part 2, Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations. If your company does not provide this information in its SEC filings, you will need to do external research to determine your company’s commitment to ESG efforts and sustainability. Be sure to add your own explanation of the information
you researched. Include appropriate attributions in your explanation and a citation in the References section at the bottom of this template.
[Insert text.]
8.
Describe the company’s Leadership in Energy and Environmental Design (LEED) status. Consider the following questions to guide your response:
A.
Is the company currently LEED certified?
B.
If the company is not currently LEED certificated, is it working towards becoming LEED certified?
Review the Form 10-K filing to see if your company is LEED certified or if it discusses its certifications. If your company does not provide this information in its SEC Filings, you will need to do external research to determine your company’s LEED status. Be sure to add your own explanation of the information you researched. Include appropriate attributions in your explanation and a citation in the References section at the bottom of this template.
P&G is a member of the U.S. Green Building Council (USGBC). To ensure ongoing excellence in the sustainable design of our operations, P&G has committed to LEED
®
certification for all new construction of manufacturing plants, distribution centers, and office buildings around the world. (
Proctor and Gamble 2023)
Summary
1.
Summarize your findings for the valuation team. Include the following details in your response:
A.
Explain what you learned as you researched the company.
B.
Identify the key points the valuation team needs to be aware of.
[Insert text.]
2.
Create at least one effective visualization that supports key points. Include the following detail in your response:
A.
Appropriate labels for the visualization(s).
Create an effective visualization(s) based on your research to support your summary report. Examples of ideas for your visualization(s) include creating a timeline of the company history, creating a map of the company’s locations, creating a chart of major shareholders showing ownership and broken down by percentages, etc. [Insert visualization(s).]
Milestone One References
Britannica. (2023, October 29). William Cooper Procter
. Encyclopædia Britannica. https://www.britannica.com/biography/William-Cooper-Procter Proctor and Gamble ( 2023 August)Proctor and Gamble Corporation. Retrieved from https://www.pginvestor.com/financial-reporting/sec-filings/sec-filings-details/default.aspx?
FilingId=16838898
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Proctor and Gamble. (2023, October 29). Home Page
. P&G Professional - Every Experience Counts. https://pgpro.ca/page/leed/#:~:text=P%26G%20is%20a%20member%20of,office
%20buildings%20around%20the%20world.
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Basic cost system; journal entries; financial statementssimilar to Self-Study Problem 1The post-closing trial balance of Beamer Manufacturing Co. onApril 30 is reproduced as follows:Beamer Manufacturing Co.Post-Closing Trial BalanceApril 30, 2011
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,000Accounts Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,000Finished Goods .................................. 120,000Work in Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,000Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000Building . . . ...................................... 480,000Accumulated Depreciation—Building ............. $ 72,000Factory Equipment . . ............................ 220,000Accumulated Depreciation—Factory Equipment . . . 66,000Office Equipment ................................ 60,000Accumulated Depreciation—Office Equipment…
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%24
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Acco...
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Assign...
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Print Item
Accounting Equation
Determine the missing amount for each of the following:
Assets
Liabilities
Stockholders' Equity
%D
a.
$184,360
$576,120
+
b.
$92,180
$28,810
C.
$44,360
$6,340
%3D
(Previous
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Save and Exit
Submit Assignment for
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All work saved.
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Problem 2–41
Determine the missing amounts in each of the following independent cases.
Case A Case B Case C
Beginning inventory, raw material ...................................... ? $20,000 $15,000
Ending inventory, raw material ........................................... $90,000 ? $30,000
Purchases of raw material .................................................... 100,000 85,000 ?
Direct material ..................................................................... 70,000 95,000 ?
Direct labor .......................................................................... ? 100,000 125,000
Manufacturing overhead ...................................................... 250,000 ? 160,000
Total manufacturing costs.................................................... 520,000 345,000 340,000
Beginning inventory, work in process ................................ 35,000 20,000 ?
Ending inventory, work in process ...................................... ? 35,000 5,000
Cost of goods…
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