Select one (1) U.S. publicly traded company and review its most recent Annual Report. (You may use one (1) of the three (3) companies you selected for your Stock Journal assignment.)

Use the Income Statement and Balance Sheet to determine the changes in:

• assets, liabilities, and equity
• total revenue and net income

Briefly describe the change from the current and prior years in each of these key areas and determine if the changes would be positive or negative from an investor / stockholder's view.

Select one (1) U.S. publicly traded company and review its most recent Annual Report. (You may use one (1) of the three (3) companies you selected for your Stock Journal assignment.)

Use the Income Statement and Balance Sheet to determine the changes in:

• assets, liabilities, and equity
• total revenue and net income

Briefly describe the change from the current and prior years in each of these key areas and determine if the changes would be positive or negative from an investor / stockholder's view.

1. You work for a chemical company and have been tasked with synthesizing acetylsalicylic acid. Currently, your R&D group can achieve a 81% yield for acetylsalicylic acid using salicylic acid and acetic anhydride. Your R&D group has been sent 2.4 U.S. tons of salicylic acid and 232 gallons of acetic anhydride. How much acetylsalicylic acid (in kg) can actually be produced by your group?

1 kg = 2.205 lbs

1 gal = 3.79L

Phillips Equipment has 80,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.5 percent. The company also has 750,000 preferred shares with a cost of 7%, and 2.5 million shares of common stock outstanding. The preferred stock sells for $65 a share. The common stock has a beta of 1.34 and sells for $42 a share. The U.S. Treasury bill is yielding 2.8 percent and the return on the market is 11.2 percent. The corporate tax rate is 21 percent. What is the firm's weighted average cost of capital?

Use the companies' financial information to answer the following questions.

a.   What were Coca-Cola's and PepsiCo's net revenues (sales) for the year 2017? Which company increased its revenue more (dollars and percentage) from 2016 to 2017?

b.   Are the revenue recognition policies of Coca-Cola and PepsiCo similar? Explain.

c.   In which foreign countries (geographic areas) did Coca-Cola and PepsiCo experience significant revenues in 2017? Compare the amounts of foreign revenues to U.S. revenues for both Coca-Cola and PepsiCo.

Select one (1) U.S. publicly traded company and review its most recent Annual Report. (You may use one (1) of the three (3) companies you selected for your Stock Journal assignment.) Use the Income Statement and Balance Sheet to determine the changes in: assets, liabilities, and equity total revenue and net income Briefly describe the change from the current and prior years in each of these key areas and determine if the changes would be positive or negative from an investor / stockholder’s view.

Listed below are various items:

Coins & Currency on hand $6,200

Cashiers’ Checks $3,900

Postdated Checks $495

Commercial Paper with a 60-day maturity $3,300

Certificates of Deposit with a 120-day maturity $13,500

Overdraft in checking account at different bank from regular bank ($303)

Compensating Balance-Restricted Cash $18,000

Bond Sinking Fund $25,000

U.S. Treasury Bills with 30-day maturity $12,910

Postage Stamps $279

Petty Cash $551

Compute the cash and cash equivalents balance for this company.

3. One component of learning about another country or region is to understand the relationship of its currency with others on the world currency market. As such, you are assigned the duty of ensuring the availability of 100,000 yen for a payment scheduled next month. Considering that your company possesses only U.S. dollars, identify the spot and forward exchange rates. What are the factors that influence your decision to use each? Which one would you choose? How many dollars must you spend to acquire the amount of yen required?