FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
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Listed below are definitions, examples, or descriptions related to business entities.1. Owned by one person2. Can make and sell goods (manufacturing)3. Owned by more than one person4. Can sell goods (merchandising)5. Can provide and sell services6. Legally, a separate entity from theowner(s)7. A law firm owned by some of theemployees who are each liable for thefinancial obligations of the entity8. The Coca-Cola CompanyRequired:1. For each of the three types of business entities (sole proprietorship, partnership, and corporation),select as many of the definitions, examples, or descriptions as apply to that type ofentity.2. CONCEPTUAL CONNECTION Explain the advantages and disadvantages of each type ofbusiness entity.
Assignment 1: Financial Statement Analysis and Interpretation of the Results
• Select two different corporations (from the same industry) publicly traded in the US Stock
Exchange Markets. (NYSE, NASDAQ)
o Make sure the companies you select are traded in same currency (USD, Euro, GBP)
o Please get the approval for the names of the firm before you start your work.
• The analysis of same company by different students will not be graded
• Download the necessary financial statements for the companies for 2021 and 2020
o For data collection you can use: finance.yahoo.com or finance.google.com
Part 1: Apply the financial analysis for the last two years using ratios covered in Chapter 3.
Use excel formulas for calculation of the ratios on a separate sheet (manual calculations will not be graded!)
You are not responsible for Part 5 (V. Market Value) ratios
Some companies may not have all the data due to their variations in industries.
If you face missing data just skip that ratio (mention as…
None
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