Do financial statement analysis discussion-
The financial statement analysis is due in Week Six. To help you begin your preparation of this work, select a company that you will do the analysis of. Write at least a 200 word summary identifying the firm that you selected, summarizing why you selected it, and explaining the items that a financial analyst might find useful within its Annual Report.
Additionally, read the Forbes article: “12 Lessons from the Warby Parkers Annual Report (Links to an external site.)Links to an external site.” and explain which of these 12 lessons may apply to your company selection.
REPLY TO EDWARDS DISCUSSION:
Electronic Arts (EA sports) is a video game developing company that has been creating sports games since 1991 for various video game systems such as PlayStation, Xbox, and Nintendo. I chose this firm because I am a customer of their product and their annual report list their major shareholders which includes investment companies, direct and mutual fund holders. A financial analyst will be able to find the income statement because they can determine how much each consumer paid for their product. “Costs of products purchased or manufactured for sale, purchase discounts (discounts the company received when it purchased the goods), purchase returns and allowances (returns of products purchased), and freight charges (any costs incurred for shipping the products to the company)” (Epstein, 2014, p. 1.5). A financial analyst will also find the expense account useful because it can be used to determine how much the company had to pay in promoting new games on television commercials, posters and magazines.
Whether you are purchasing a new or used sports game on PlayStation, Xbox, or an older system, it can be pricey which is why I would express our core values. Vocalizing “the values that give your company meaning helps you connect with people on a level beyond the business transaction, and it attracts people that share those same ideas. This communication differentiates your brand—more than low prices and fancy features” (Crooks, 2014, p. 2). I would express to customers and shareholders that we are 100 percent committed to deliver an excellent product and we are open minded towards listening to our customers feedback on our products.
Crooks, R. (2014, Jan. 30). 12 Lessons from Warby Parker’s annual report. Retrieved from https://www.forbes.com/sites/rosscrooks/2014/01/30/12-lessons-from-warby-parkers-annual-report/2/#6e578405b42a (Links to an external site.)Links to an external site.
Epstein, L. (2014). Financial decision making: An introduction to financial reports. Retrieved from https://content.ashford.edu/books/AUOMM622.14.1/sections/sec1.3?search=equity#w10704 (Links to an external site.)
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