This essay focuses on the main definitions of the company. Different types of companies are taxed differently; therefore, the taxation of the company
Using the same company and annual reports that you chose for your Reading and Using the Annual Report Case Study in Week 1,A company is a natural legal entity formed by the association and group of people to work together towards achieving a common objective. It can be a commercial or an industrial enterprise. Different types of companies are tax differently; therefore, the taxation of the company defines its type. Some of the main definitions of the company are as follows
Prepare common-size balance sheets, income statements, and statements of cash flows for your chosen company for the latest 2 years. Identify one company that competes with your chosen company, obtain their financial statements. This is for the most recent two years, and prepare common-size balance sheets. The income statements, and statements of cash flows for your chosen company for the latest 2 years.
Explain why common-sized financial statements are a convenient way to compare financial statement items within the same period, between periods, and between competing companies.
Perform a vertical analysis of at least one item on the common-size balance sheet, income statement, and statement of cash flows you prepared for the most recent year. Compare each item to the same item on the common-size financial statements for the previous period and to the same item on the common-size financial statements you prepared for the competing company.
Firstly, be sure
further, be fast