An annual report is a comprehensive statement describing a company’s activities throughout the preceding

| March 29, 2017

Question
An annual report is
a comprehensive statement describing a company’s activities throughout the preceding
year. Annual reports are intended to give shareholders and other interested
stakeholders information about the company’s activities and financial performance.
All public corporations must provide shareholders with a financial report every year
so that shareholders understand and are able to assess overall performance.The front
part of the report often contains an impressive combination of graphics, photos and
an accompanying narrative, all of which chronicle the company’s activities over the
past year. The back part of the report contains detailed financial and operational
information.In this assignment, you will read and assess the financial performance
of IBM, Inc. over the past couple of years. Begin by downloading the 2013 IBM annual
report from the IBM
website:.ibm.com/annualreport/2013/bin/assets/2013_ibm_annual.pdfRead”>http://www.ibm.com/annualreport/2013/bin/assets/2013_ibm_annual.pdfRead
pages 1 – 28 and then find the financial data (i.e., income statements, balance
sheets and statements of cash flows) on pages 78 – 81.Using the IBM income statement
data on page 78 in the annual report, create a common size income statement (similar
to the table on page 27 in Grossman & Livingstone, 2009) by filling in the following
format:Then, using the income statement data and the balance sheet data on page 80
in the IBM annual report, create a table of ratios like the table on page 31 in
Grossman & Livingstone, 2009 (include all of the ratios defined in the page 31 table
for both 2013 and 2012.

To create the required common size income statements for IBM, see the following
links:
.netmba.com/finance/statements/common-size/”>http://www.netmba.com/finance/statements/common-size/ .investinganswers.com/financial-dictionary/financial-statement-analysis/common-size-income-statement-5237″>http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/common-size-income-statement-5237

Use total revenue for sales to construct these values.

Your book provides guidance on how to compute and interpret financial ratios.
However, if you find the book difficult to follow, there are many websites that
discuss how to compute, report and interpret financial ratios for a company.

Write a four part analysis of IBM. In the first section of your paper, summarize
what you learned and/or found particularly interesting about IBM in your reading of
the first 28 pages of the annual report. Then insert the tables you created (either
cut and paste from Excel or create tables in Word) in section two. In section three,
evaluate IBM by discussing the numbers in your common size income statement and
balance sheet ratios. Look for trends that identify areas of strength, stability or
possible concern. Finally, find two scholarly reports that discuss IBM’s financial
performance during this period and discuss how those professional reports correlate
with what you found in your analysis.
Length: 4-5 pages not including title page and referencesYour response should
demonstrate thoughtful consideration of the ideas and concepts presented in the
course and provide new thoughts and insights relating directly to this topic. Your
response should reflect scholarly writing and current APA standards.

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