For this assignment (see Chapter 8, page, 439: TIF 8-3 Real-world annual report), you should select a public company that interests you and is a business that has accounts receivable. Obtain the company’s most recent annual report on Form 10-K. The Form 10-K is a company’s annually required filing with the Securities and Exchange Commission (SEC). It includes the company’s financial statements and accompanying notes. The Form 10-K can be obtained either (a) from the investor relations section of the company’s website or (b) by using the company search feature of the SEC’s website at www.sec.gov
1. Based on the information in the company’s most recent annual report, determine each of the following:
a. What amount of accounts receivable did the company report at the end of the most recent year?
b. What is the balance in the company’s Allowance for Uncollectible Accounts at the end of the most recent year?
c. What percentage of total current assets are accounts receivable at the end of each of the two years presented? Has this percentage increased, decreased, or remained the same during this period?
d. How much dab debt expense did the company report for the most recent year?
2. Using the information presented in the company’s annual report, compute the company’s accounts receivable turnover for the current and previous years. Based on this information, has the company’s management of accounts receivable improved? Briefly explain your answer.
All of your answers should be presented in a Word document (can include tables or graphs) and submitted in the submit box for this assignment. Please remember to check your spelling and grammar.
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