· Choose a publicly traded company and access its Annual Report. It is your responsibility to choose the company and locate its financial statements
· Make an Excel workbook that contains the following:
o A recreation of the company’s Income Statement and Balance Sheet. Please note that some companies publish very detailed financial statements. You are to use your best judgment to make sure that you recreate an appropriately-sized financial statement.
o On your recreation, you should have five tabs: description of item, prior year amount, current year amount, dollar difference, and percentage change. You are responsible for ensuring that the correct formulas are located and used. You must always use a formula when possible.
o You must answer the following question: what is the company’s largest asset? What is the company’s largest liability? You must explain each of these items.
o Identify one “note” to the financial statements. Transcribe the note and translate the note into “plain-speak”.
· Your organization matters. You should create a workbook with separate tabs that are easy to navigate.
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