Question

In: Accounting

Select a company from the accompanying list and write a short report answering the following questions...

Select a company from the accompanying list and write a short report answering the following questions about your company. Create a Word file to answer the following questions.

Provide a basic history of the company you have selected. When was the company founded? Who are the senior leaders (CEO, CFO, Board Chair)? Where is the company incorporated? Has the company been in the news recently (last 5 years) and for what?

What types of products or services does your company sell?

On what day of the year does its fiscal year end?

For how many years does it present complete:

a. Balance sheets?

b. Income statements?

c. Cash flow statements?

Are its financial statements audited by independent CPAs? If so, by whom? What type of opinion did the financial report receive?

What are the values in the company’s accounting equation for the most recent year?

Did its total assets increase or decrease over last year? By what percentage? (Hint: Percentage change is calculated as [current year - last year] / last year. Show supporting computations.)

Did its net income increase or decrease over last year? By what percentage?

Which of the following had the largest percentage increase from last year to the current year? (See the formula in 6. above. Show all supporting computations.)

a. Net sales

b. Cost of sales

c. Net income

6. What are the future financial projections of the company and how does it plan to get there?

List of Accompanying Companies

Green Mountain Coffee

Kimberly Clark

Caterpillar

Hershey Foods

Alcoa

WalMart

Ben and Jerry's

IBM

DuPont

eBay

Amazon

Expert Solution

Answer

Selected Company - AMAZON

Basic history- The company was founded as a result of what Jeff Bezos called his "regret minimization framework," which described his efforts to fend off any regrets for not participating sooner in the Internet business boom during that time.The company was founded as a result of what Jeff Bezos called his "regret minimization framework," which described his efforts to fend off any regrets for not participating sooner in the Internet business boom during that time.

Founder - Jeff Bezos

Foundation date - July 5, 1994

Key people	Jeff Bezos (Chairman, President & CEO) Werner Vogels (CTO)

Headquarters	Seattle, Washington, U.S.

Industry	Online shopping

Products	Amazon Appstore Amazon Echo Amazon Kindle Amazon Prime Amazon Video

Products

Amazon Appstore

Amazon Echo

Amazon Kindle

Amazon Prime

Amazon Video

Amazon in recnent news -

2017: Between May and July 2017, Amazon had invested US$310 million in India with US$20 million invested into its payment arm Amazon Pay India. In November 2017, Amazon invested another US$440 million in the Indian arm.
2018: In January, an additional sum of US$310 million was invested by Amazon in its Indian arm.

Amazon fiscal year is based on the calendar year. The last day of the fiscal year isDecember 31.

ekkarill92 answered 1 year ago

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