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Hell, I am looking for for a critical thinking module 4 paper: ACT301 Financial Accounting: Module 4: Merchandising Business Sector and Inventory...

Hell, I am looking for for a critical thinking module 4 paper: ACT301 Financial Accounting: Module 4: Merchandising Business Sector and Inventory Classifications:

Option #1: Financial Statements Research for a Publicly-Traded Company

Access the latest annual report, or Form 10-K, of a publicly-traded company of your choice using the company's website or www.sec.gov. You can usually access from a company's website by clicking on investor relations, then annual reports, and search for latest form 10K. From the SEC website (www.sec.gov), search for the selected company's name and then search for its latest form 10-K. Using form 10-K of your selected company, answer the following questions in an essay format.

  • Identify three accounts on your selected company's and balance sheet that provide evidence that the company utilizes accrual accounting. Ensure you provide explanations as well as the income statement account that would be affected by the adjustment process.
  • Identify and explain three income statement accounts that may result in accrual and deferrals adjusting entries.
  • Explain depreciation expense, amortization expense, accumulated depreciation, and accumulated amortization? In the financial statements and notes of your selected company, identify the four accounts. How much was each of these four accounts for the most recent year and on which financial statements were each reported?
  • What are income taxes and income tax expense (or provision for income taxes)? In the financial statements and notes of your selected company, identify cash paid for income taxes as well as income tax expense (or provision for income taxes). How much was each of these accounts for the most recent year and on which financial statements was each reported?

Your response should include two to three pages of written text in addition to any calculations and solutions you offer to support your thinking. Ensure you include the form 10-K page numbers in your citations for each response. Include retrieval link for the 10-K as one of your sources so your instructor can verify the information. Document formatting and any citations should conform to CSU-Global Guide to Writing and APA Requirements.

Option #2: Financial Statement Research for a Publicly-Traded Merchandising Company

Access the latest annual report, or Form 10-K, of a publicly-traded merchandising company of your choice using the company's website or http://www.sec.gov. You can usually access from a company's website by clicking on investor relations, then annual reports, and search for latest form 10K. From the SEC website (www.sec.gov), search for the selected company's name and then search for its latest form 10-K. Using form 10-K of your selected company, answer the following questions in an essay format.

  • Identify the inventory costing method the merchandising company uses. Based on the industry for the company and what you learned this week, is this the common and appropriate method used in the industry?
  • Determine the amount your selected merchandising company reported for inventories for the two most recent years.
  • Compute the dollar amount change and percentage change in inventories between the two most recent years on the financial statements.
  • What are the amounts reported for the company's cost of sales (or cost of goods sold) for the two most recent years?
  • Compute the ratio of cost of sales to net sales for the two most recent years. Interpret the ratio and discuss the implications of the changes in the ratio for the two years.
  • Compute inventory turnover for the two most recent years (Use cost of goods sold or cost of sales and inventories). Interpret the ratio and discuss the implications of the changes in the ratio for the two years.
  • Compute days in inventory. Interpret the ratio and discuss the implications of the changes in the ratio for the two years.
  • What conclusions can the merchandising company's management draw from these data and ratios computed above?

Your response should include two to three pages of written text in addition to any calculations and solutions you offer to support your thinking. Document formatting and any citations should conform to CSU-Global Guide to Writing and APA Requirements.

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