Required Resources
Read/review the following resources for this activity:
- Textbook: Chapter 14
- Lesson
- https://www.sec.gov/edgar/searchedgar/companysearch.html
- Minimum of 1 scholarly source
Initial Post Instructions
As discussed in Chapter 14, the balance sheet of a company can give us a snapshot of the financial health of a company at a given time. For this discussion, you will find the balance sheet of a company of your choosing. Then you will use that balance sheet to evaluate the company’s financial health.
Go to https://www.sec.gov/edgar/searchedgar/companysearch.html and type in a company you would like to research. Find the company’s most recent quarterly report and click on “interactive data”. In the left-hand navigation choose, balance sheet.
Take a screenshot of the balance sheet or put the balance sheet into a word document to share with the class.
Using information you learned in the textbook, what observations can you make about the company’s financial health given the balance sheet?
ANSWER
A balance sheet is one of the three financial reports that are included in the annual report. It is essential because it presents a snapshot idea about a company’s financial position (Gitman et al., 2018). An investor or any other interested stakeholder could access balance sheets dating back to the many years they want if they want to track the firm’s financial position over the years. Gitman et al., (2018) noted that a balance sheet present’s a company’s resources, obligations, and owner’s equity. Notably, owner’s equity translates to the difference between what a company owns and what it is owed (Gitman et al., 2018). A balance sheet is…. To access full answer, click on the purchase button below.