accounting writing question and need the explanation and answer to help me learn.
Hi, my questions are in the attachment called project. The other files are the ones you may need to use. Please help me with this task based on the contents of the attachment. Thanks!
Requirements: 1200
BALANCESHEETANALYSISUseyourHW1submissiontocompletethisassignment.Sinceyouhavealreadydoneallofthecalculations,thisismostlyawriting/analysisexerciseaboutthecompanyFootLocker,althoughyouwilllikelyneedtodoalittleresearchintothe10-K,aswell.1.IndustryRatios.Completethenumbersbylookingupindustryratiosforcomparativepurposes.Thebalancesheetratiosaresomeoftheeasiesttolocate.Again,justusethemostrecentyearavailable(noneedtofindeachyear).Likewiththeincomestatement,theremightbesomethatyoucannotfind.Ifthatisthecase,calculateyourcompany’scompetitors’ratiosandusethoseinsteadofindustrynumbers(likebackintheincomestatementassignment).Donotspendalotoftimeonthispart.Ijustwantyoutohavesomenumberstocompareto.2.BalanceSheetAnalysis.Analyzeyourbalancesheets.Gothroughthesameprocessoutlinedinmyhandbook.Thatis,lookformaterialitems,change,andimportance.Usually,therearequiteafewimmaterialitemsonthebalancesheet.Asyouknowbynow,formostcompaniesthecriticalitemsonthebalancesheetarecash,accountsreceivable,inventory,PP&E,long-termdebt,andretainedearnings.Theoperatingleaseitemsarenowalsoverymaterialduetotheaccountingchange.Note:Youdonotneedtoanalyzecash.Also,toreallyunderstandretainedearnings,youwillneedtolookatitsbreakdowninthestatementofstockholders’equity(remember,analyzingREseparatelymakesnosense–youwanttolookatthespecificchangesthatoccurredtothataccount).Youlikelyalreadydidthiswhenanalyzingtheincomestatement,althoughtheremaybesomeadditionalitemsthatyoudidnotcoverthere(likesharerepurchasesandothercommonstocktransactions).Onceyouhaveidentifiedtheitems(orlineitems)requiringanalysis,tellmewhyyouchosethem.Thendiscusswhetheryoucanfigureoutwhatishappeningwiththeseitemsbycheckingacrosstheotherstatements.Ifyoucannotadequatelyanalyzeanitem,scanthroughthe10-Ktoseeifyoucanfindmoredetailoranexplanation.Youwilllikelyneedtodothisforatleastafewitems.Pleasenote,thedetailmightnotbethere,sodonotspendhourslooking.Justmakeanoteofit.Perthehandbook,becausetheequitysideofthebalancesheetissotiedtothestatementofstockholders’equity,reviewingtheSSEwilllikelybehelpfulsinceitprovidesgreaterdetailthanthebalancesheet(andisveryeasytoread).Onceagain,reviewingmyhandbookonthebalancesheetratiosshouldbeveryhelpful.Thisassignmentwillmostlybegradedonyourwritingandanalysiseffort.PleaseuseMicrosoftWordforthiswrittenanalysis(andtodeterminethenumberofwordswritten).Liketheotherrecentanalysisassignments,theanalysisshouldbebetween1,000and1,200words,11-pointTimesNewRomanfont,1.5spacing,and0.75”margins.Again,thisshouldtranslate,withoutfootnotes,toabouttwopages.PleasedownloadyourcompletedExcelspreadsheet(Part1)andaWorddocument(Part2).
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