You are now ready to pick a publicly traded company using the Mergent Intellect database
Overview: Building on what you learned in the last module, you are now ready to pick a publicly traded company using the Mergent Intellect database. The chosen company must have been in existence for at least five years. You will submit your choice for instructor approval, as this is the object of your review and
analysis for the remainder of the term.
Take a look at your chosen company’s financial statements by visiting Mergent Online in the Mergent Intellect database. Access each of the three statement
types (i.e., Income Statement, Balance Sheet, and Cash Flow). Save each of the three financial statements as Excel files and submit them with your assignment
write-up.
Using the financial statements of your chosen company, you will classify and explain the purpose of key line items in financial statements. You will specifically
address the following:
1) In the income statement, classify and explain the purposes of revenue, gross profit, operating margins, and net income.
2) In the balance sheet, classify and explain the purpose of major asset categories, i.e., current assets, long-term assets, as well as liabilities and equity
items.
3) In the cash flow statement, classify and explain the purpose of operating activities, investing activities, and financing activities.
Type your explanations and classifications into a Word document. You do not need to write the information in paragraph format; instead, list them as bullet
points.
Specifically the following critical elements must be addressed:
I. Select a publicly traded company that has been in existence for at least five years.
II. Download and submit the financial statements for your chosen company, including income statement, balance sheet, and cash flow.
III. Classify and explain the purpose of key line items in the income statement, including revenue, gross profit, operating margins, and net income.
IV. Classify and explain the purpose of major asset categories in the balance sheet, including current assets, long-term assets, as well as liabilities and
equity items.
V. Classify and explain the purpose of key line items in the cash flow statement, including operating activities, investing activities, and financing
activities.
Guidelines for Submission: Be sure to include the three financial statements as Excel files. The written portion of your paper must be submitted as a one- to twopage Microsoft Word document. You do not need to write in paragraph form; instead, list your classifications and explanations as bullet point
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