Semester+Project

Here is a copy of the Semester Project instructions:



  **FINANCIAL REPORTING & ANALYSIS TEAM PROJECT **   Each person will be assigned a company at the beginning of the semester. You should acquire the company's 10-K at the EDGAR link at the SEC website ( [|www.sec.gov] ). You should write a short report answering the following questions about the assigned company. For this project, refer to your book especially Chapters 5 and 13. IF YOU MUST REPORT A RATIO, A PERCENTAGE, OR ANSWER IF THERE HAS BEEN A CHANGE**, YOU MUST SHOW CALCULATIONS**. Please note that this is individual work, any indication of copying or plagiarism would result in a zero for this project and subject to the Academic Honesty Policy guidelines. Refer to Chapters 5 and 13.  1) General information: a)  Where is the corporate headquarters, what city and state? Where did you find this information? b) On what day of the year does its fiscal year end? Where did you find this information? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">c)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What types of products or services does it sell/serve? Where did you find this information? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">d) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">When and where is the next annual stockholders’ meeting? Where did you get this information? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">2)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Report of Independent External Auditor <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">a) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Who is the corporation’s independent auditor and in what city are they located? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">b)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Does the auditor believe the financial statements were presented fairly? What statements in the auditor’s opinion support your conclusion? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">c) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What company conducted the Sarbanes/Oxley internal controls review? What were the results of the review? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">3)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">For how many years does it present complete balance sheets? Income statements? Cash flow statements? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">4) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Income Statement <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">a)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Did its revenue (or sales) increase or decrease over the last year? What was the percentage change? <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">((this year-last year)/last year) <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">b) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Describe the company's revenue recognition policy. Where did you find this? What are some factors that the company used in determining its revenue recognition policy?  <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">c)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Did its cost of goods sold increase or decrease over the last quarter? What was the percentage change? What are some ways to decrease cost of goods sold and what effect would this have on gross profit? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">d) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compare the percentage change in revenue to the change in cost of goods sold. Are they similar? If they are not, does Management say anything about revenues and costs that might explain a difference? If they do, what reasons did management give for the change? (Look in Management Discussion & Analysis—MD&A)  <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">e)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Did its net income increase or decrease over the last year? What was the percentage change? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">f) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What method of depreciation does the company use? Where did you find this? What are some reasons that a Company would use one method of depreciation over another? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">g)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What amount is reported as depreciation expense for the current quarter? Where did you find this? How much cash was used to pay for this expense? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">5) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Balance Sheet <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">a)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Did its total assets increase or decrease over the last quarter? What was the percentage change? What was the largest asset? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">b) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Identify the balance sheet accounts that were most significant in explaining the changes in total assets for the corporation? What events might explain the reasons for the changes in these accounts? Where did you get this information? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">6)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Cash Flow Statement <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">a) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Did the company have a cash inflow or outflow from operating activities? Which statement did you use to find this? What item(s) caused it to be an inflow or outflow? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">b)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Did the company have a cash inflow or outflow from investing activities? What was the largest item in investing activities (either a use of cash or source of cash—report the largest)? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">c) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Did the company have a cash inflow or outflow from financing activities? What was the largest item in financing activities (either a use of cash or source of cash—report the largest)? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">7)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Profitability ratios <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">a) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the asset turnover ratio and explain its meaning. Is this strength or a weakness? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">b)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the net profit margin ratio for the latest three years and explain its meaning. Do you see any trend? Is this strength or a weakness? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">c) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the company's gross profit percentage for the latest three years; is there a trend over the three quarters? Is this strength or a weakness? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">d)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the return on equity (ROE) for the last three years. Explain its meaning. Is there a trend indicated? Is this strength or a weakness? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">e) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">In comparison to the previous year, has the corporation improved its ability to generate a profit? Justify your answer with the ratios you calculated in b, c and d. Does management offer an explanation for any changes or stability in the profitability of the corporation?  <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">f)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What is the basic earnings per share for continuing operations as it appears in the income statement for the past two years? Was the change in EPS a result of changes in the numerator or denominator? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">8) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Liquidity <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">a)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the company's current ratio for the last two quarters and explain its meaning. Is the current ratio adequate? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">b) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the company’s receivable turnover for the last two years and explain its meaning. Is this strength or a weakness? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">c)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What amount of inventory does the company have at the end of the year? Did it increase or decrease over the last year? Where did you find this? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">d) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the inventory turnover ratio. How is a low or high turnover ratio significant? Is this strength or a weakness? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">e)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What inventory costing method does the company use? Where did you find this? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">9) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Solvency ratios <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">a)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the debt-to-asset ratio for the last two years and explain its meaning. How did the debt position change over the last year? What were the sources of these changes? Would potential lenders prefer the debt to total assets ratio to be larger or smaller? Why? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">b) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Compute the times interest earned for the past two years and explain its meaning.  <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">10)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Would you invest in this company? Why or why not? Cite specific reasons why you would invest or not invest in this company. <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">11) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Would you lend this company money? Why or why not? Cite specific reasons why you would or would not want to lend this company money. <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">12)  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What new accounting changes as issued by FASB has this company elected to follow? What changes to their financial reporting have occurred as a result of these changes? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">13) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Has this company filed XBRL exhibits with the SEC? If so, what reporting periods do the exhibits cover? <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;"> <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;"> <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">After you submit your Individual Report, you will be assigned to a group. Each member of the group would have worked on a different company for their individual report.  <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">1.  <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Prepare a table with columns used for the companies (latest year) and industry, and rows for each of the following items you calculated: <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">4a || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Percentage change in revenues || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">4c || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Percentage change in cost of goods sold || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">4e || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Percentage change in income || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">5a || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Percentage change in assets || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">7a || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Asset turnover || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">7b || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Net profit margin || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">7c || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Gross profit percentage || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">7d || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Return on equity || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">8a || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Current ratio || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">8b || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Receivable turnover || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">8c || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Inventory turnover || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">9a || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Debt to asset ratio || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">9b || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Times interest earned || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Use the table to help you write a report comparing and contrasting the companies and the industry ratios (where applicable) on these items. Use the copy of your individual report and the ratios provided in the back of the assignment to prepare this table. <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">2. <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Evaluate the companies using common industry ratios. <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">3. <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Before you prepare the report, evaluate each company's results for reasonableness. If a company is very different from the other companies, there may be a mistake. If it is very different (i.e. not a mistake), try to find out why and report it. <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">4. <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Which company would you lend money to and why? <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">5. <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">What are the common trends in the accounting policies for the group of companies? For example, how does the revenue recognition accounting policy differ from company to company? What reasons can you give for the differences? <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;"> <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;"> § <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">The individual reports are due on November 2/3 and team reports are due on December 7/8. The individual report will not be returned, keep a copy for yourself and for preparing the team report. Both the individual and team reports "typed". A copy of the four Financial Statements (but __not__ the Financial Notes) for your company should be attached to individual reports. Any figures used from these reports should be highlighted or circled in colored ink so that the reviewer can easily trace amounts and information to/from the Project to the 10-K. <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;"> <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"> <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;"> <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Industry: ||||||||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">LIQUIDITY ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Current Ratio ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Quick Ratio ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">ACTIVITY ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Inventory Turnover ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Receivables Turnover ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Total Asset Turnover ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Average Collection Period (Days) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Days to Sell Inventory ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Operating Cycle (Days) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">PERFORMANCE ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Sales/Net Property, Plant & Equip ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Sales/Stockholder Equity ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">PROFITABILITY ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Operating Margin After Depr (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Pretax Profit Margin (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Net Profit Margin (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Return on Assets (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Return on Equity (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Return on Investment (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">LEVERAGE ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Interest Coverage Before Tax ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Interest Coverage After Tax ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Long-Term Debt/Common Equity (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Long-Term Debt/Shrhldr Equity(%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Total Debt/Invested Capital (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Total Debt/Total Assets (%) ||  ||   ||   ||   ||   ||   || <span style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Total Assets/Common Equity ||  ||   ||   ||   ||   ||   || <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 11.0pt;">AC 211 Introduction to Financial Accounting HANNON Spring 2010 **
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">READ ALL INSTRUCTIONS BEFORE YOU BEGIN **
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Individual Report (Due: March 16, 2010) **
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Submit: the following on March 16, 2010 **<span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">
 * 1) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Your answers to the all questions 1-13. Label and number the answers to the questions.
 * 2) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">A copy of the four financial statements (do not include the notes).
 * 3) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Just staple your project, do not put in a folder.
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Please note: **
 * <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">1. ****<span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Make two copies of your report, one to be handed in to the professor, the second to be used in the Team Project. The Individual report will not be returned to you. **
 * <span style="font-family: Tahoma,sans-serif; font-size: 10pt;">2. ****<span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Late projects will not be accepted. To be assigned to a group, you must submit your project on the due date.  **
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Team Project **<span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">: **(Due: May 4, 2010)**
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Submit on May 4, 2010 **<span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">
 * 1) <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">The table on requirement 1 and your answers to questions 2-5 above. There is no need to attach your individual reports.
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Additional Instructions: **
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Make sure that you ‘read’ the 10-K. A lot of the information to answer your questions can be gleaned from it and you can use it to assist you in answering your question for the project as long as you cite it properly. If you attempt to hunt and peck for the answers (or use “Ctrl F”) and not use the information presented in the 10-K, such as management’s discussion and analysis, your project will be adversely affected.
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Any ideas, paraphrasing or quoting needs to be **__cited and footnoted__**!! Using thoughts, words or phrases that are not your own without citing the proper source is plagiarism.
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Individual reports count 70% and the team report 30% toward each student’s overall grade for the project.
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Each student will evaluate his/her team member contribution to the project and must be submitted with the group project on the due date. The professor may use this evaluation to reduce the team member's "team" grade.
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Use the Form 10-K from the __latest year__ (should have been submitted in 2010).
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Please use properly constructed sentences, grammar (i.e. spelling, punctuation and use of $ signs), and logical reasoning. Do not use circular reasoning. Make sure that you answer the questions as to "why" the numbers have changed. While it is ok to define something, please do not think that is an answer. Put the time, thought and effort into answering the questions. If you go for the minimum answer, you grade will reflect the minimum effort. Make sure that you have your team members read your project as sometimes you will not see something obvious as you are the author.
 * <span style="font-family: "Tahoma","sans-serif"; font-size: 10.0pt;">Presentation does count.