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Resource: “over 30 Workers Trapped After Chilean Copper Mine Collapse” Article Found in the Electronic Reserve Readings. Research Additional Articles and Information About the Chilean Mine Collapse. Write a 700- to 1,

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FINAL PROJECT 1 Final Project Assignment Shawn Ovington XACC/280 Sheila Sullivan FINAL PROJECT 2 Keeping good records is a key in any good business and it helps companies find key areas where they feel they can improve. Coke and Pepsi are two large named soda distributers that have been along for many years and are constantly being compared. Before obtaining both companies financial statements, I was kind of clueless in who was more financially set but knew both were respectable companies. In this essay, I am going to …show more content…

Next I am going to do the same calculations for the Coke company by using their same information to find out their change in assets and liabilities between the two years. For the assets you would take ($29,427 – $31,441) ÷ $31,441 = –6.4% this means there total assets dropped 6.4% in the two years. FINAL PROJECT 4 The same calculations would have to be done to find out the change in liabilities for coke in the two years and to do that you would have to take ($13,072 - $15,506) ÷ $15,506 = –16%, meaning they lowered their liabilities between the two years. The last of the three analyses in the financial statement is the Ratio analysis. There are three different ratios with different calculations in each they are liquidity, Solvency, and profitability. In the text book it states that the “Ratio analysis expresses the relationship among selected items of financial statement data” (Weygandt and Kimmel 2008 p.699). The first ratio I am going to find is the current ratio for each company in 2004 and 2005 which is a liquidity. To do this ratio I will have to take the current assets and divide by the current liabilities. In 2004 the current ratio for Pepsi was 1.28:1 I found this by taking 8,639 ÷ 6,752 = 1.28:1. Using the exact same method I take the number for 2005 doing the same calculations and the current ratio turns out being1.11:1 by taking $10,454 ÷ $9,406 = 1.11:1. The same

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