I worked out part1 I want part two and three I will post the attach file of part1 too I am sure you will need it

Question

I worked out part1 I want part two and three I will post the attach file of part1 too I am sure you will need it

here we go..

ACCOUNTING 202
DUE DATE: Sunday, October 16 (11:59 P.M.)
ANNUAL REPORT PROJECT
STUDENT NAME:
General project instructions:
Please read this document carefully, if you submit the assignment incorrectly and are asked to
resubmit it for any reason, it will be considered as at least one day late. Complete this document using the annual report that you downloaded for Part 1.
Do not create a new or separate document; just complete the one I provide. Almost all the
information for this project should come from your company’s annual report.
Throughout all the parts of the project, information is requested from specific pages in the annual
report. You will need to take a readable screenshot or picture of the page(s) requested and insert it in
this document where requested.
► If you need help taking a screenshot please watch this video: https://youtu.be/EoTpIYLBtKs
► If you need help cropping, or sizing, a screenshot please watch this video:
https://youtu.be/BkeBauCpuUg
When a question asks you to explain, describe, analyze, etc., use complete sentences and wellorganized paragraphs. Part 2 (20 pts.) (Use the same company from Part
1.)
Name of company chosen: _________________________________
(You will use the same company for all parts of the project) Year of the annual report: ______________ CHAPTER 8: LONG-TERM ASSETS
A. THE BASICS
Use the company’s balance sheet in your annual report that you identified in Part 1.
Balance sheet date: __________________ Page on which balance sheet appears: _________
(Insert screen shot of the balance sheet here.)
1. The accounting equation is Assets = Liabilities + Stockholders’ Equity. Replacing the words in the
accounting equation with dollar amounts; give the company’s accounting equation at the end of the
current and prior years of the annual report.
Assets = Liabilities + Equity
Annual Report: Current year: _______________ = ______________ _______________ Annual Report: Previous year: _______________ = ______________ _______________
2. List the categories, or sections, of the Asset area on the balance sheet. (Do not list each line
item): 3. Property, plant and equipment
Refer to the notes of the financial statements in the annual report that you identified in Part 1. The
note, Summary of Significant Accounting Policies, should provide information about the company’s
depreciation and amortization methods. You will also need to refer to the other notes to the financial
statements and to the financial statements themselves in order to answer the questions in all parts of this
project.
IMPORTANT: Indicate the page number in which the information was found and insert a screen shot
below the question.
a. What depreciation method does the company use? Page No._____
____________________________________________
(Insert screen shot here to support your answer.)
b. What is the amount of depreciation and amortization expense for the current year? Page
No._____
(Hint: Look at the operating activities section of the cash flow statement if the indirect method was used.)
Annual Report: Current year $ __________________
(Insert screen shot here to support your answer.) Previous year $ ___________________ 4. Intangible assets
a. Does the company have any intangible assets? If so, list them here. (A screen shot does not
replace listing them.) Page No. _____
(Insert screen shot here to support your answer.)
b. Does the company report any goodwill? ______ Page No._____
What is the amount? __________________
(Insert screen shot here to support your answer.) B. FURTHER ANALYSIS
Compare the current year ratios.
1. Using the formula given in the textbook, calculate the following for the past two years: Show your
computations.
You will find prior years’ amounts in the Five-Year Summary of Selected Financial Data that you found in
Part 1.
Annual Report
Current Year
Previous Year a. Total Asset turnover: ___________ __________ b. Explain what information this ratio provides. Why do we use it?
c. How do the resus for your company compare by year? Explain and give possible reasons for
what you’ve found. (at least one paragraph) C. INFORMATION FOR DECISION MAKING
1. Answer the following questions using the company’s balance sheet in the annual report:
a. In which plant asset does the company have the largest dollar amount invested?
b. In total dollar amounts, are the company’s assets primarily short-term (current) or long-term? How to submit this assignment:
Complete and submit this document in Canvas on or before the due date. Do not create a new document.
Business