FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

The objectives/purpose of the research paper project are to enable you to do a comprehensive financial analysis of a publicly traded corporation; and provide you with substantial information for you to make recommendations regarding investing in this corporation.

Your financial analysis report will be driven by a rigorous ratio analysis, and aggressively supplemented with your written analysis, interpretation, and evaluation of the data.

Your research should be strategically driven by two probing questions:

-Would you invest your financial capital in the selected firm as a shareholder?

-Would you invest your human and intellectual capital in the firm as an employee?

Steps in preparation of financial analysis report:

  1. 1.)  Select a publicly held company
  2. 2.)  Select a benchmark firm to compare your company against. The benchmark firm is typically the largest competitor.
  3. 3.)  Obtain the firm’s balance sheet, income statement, and statement of cash flows for the past 5 years. Download or read the firm’s annual report.
  4. 4.)  Go to: http://www.sec.gov/edgar/searchedgar/webusers.htm9 FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

Note: The Master of Business Administration classes (ACCT, BUSN, FINC, HCMG, HRMG, MGMT,

MKTG and MAPH) require a grade of C or better on the final assessment in the class in order to earn a

passing grade in the course. This requirement must be met by all students completing these courses

regardless of degree or program (excluding the Executive MBA students).

page9image1647234544

Research EDGAR’s database for additional SEC report filings: 8-k, 10-Q.

4.) The following table is the type of Excel or Word table that should be used to gather and report your ratio and financial performance data. Note the 5 financial diagnostic categories that should be used in your analysis.

BUY CUSTOM-WRITTEN PAPER HERE

Financial diagnostic categories

Chosen
company vs.

Benchmark competitor

page10image1651734256 page10image1648104176

1.) Liquidity of short- term assets

-Current ratio -Cash ratio -Quick ratio

-Current ratio -Cash ratio -Quick ratio

page10image1651767600 page10image1651769696

2.) Long-term debt- paying ability

-Debt ratio -Debt-equity ratio -Times interest earned

-Debt ratio -Debt-equity ratio -Times interest earned

page10image1651793888page10image1651793392

3.) Profitability

page10image1651804608

-Net income/sales (profit margin)

-Net income/assets (ROA)

-Net income/shareholder equity (ROE)

-Net income/sales (profit margin)

-Net income/assets (ROA)

-Net income/shareholder equity (ROE)

page10image1564567776page10image1649851408

4.) Asset utilization/ management efficiency. FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

-Total asset turnover

-Inventory
turnover measures

-Accounts receivable turnover

-Total asset turnover

-Inventory
turnover measures

-Accounts receivable turnover

page10image1650900656 page10image1650899776

5.) Market measures

-Price/earnings ratio

-Earnings per common share

-Dividend payout

-Price/earnings ratio

-Earnings per common share

-Dividend payout

10

Use 2-3 ratios per diagnostic category. Place your ratio calculations in the table for your selected companies—primary company and benchmark competitor. Using 5 diagnostic categories, and 3 ratios to assess each category, results in 15 ratio measures per company that will be compared side by side.

6.) To validate your research, 5 years of data should be analyzed. FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

7.) The financial analysis report must be written properly. They must include a title page, a table of contents, and a reference page. For both midterm and final report, information sources from the web, etc. must be cited properly, using APA style.

This means that every table that you cut and pasted or typed from the web must have a source at the bottom of the table AND that citing must also be included in a reference page at the end of the report.

The parts of the research paper are discussed below. The completed report (parts a through h) is due day 7 of week 6. Your project should include:

a. Anoverviewofthecorporation.
i. Provide general information regarding the type of business, products and/or

services, location of headquarters, name of CEO, number of employees, and countries of operation, etc.

  1. Thelatestfinancialstatements
    1. Get the income statement, balance sheet, cash flow statement, and the
      statement of owners’ equity for the past fiscal year. Create Turnitin-friendly versions of the financial statements; do not just ‘cut and paste’ them in your report. Do not forget to cite the source under each statement.
    2. If you cannot cut and paste them, you may have to type in the information in a table in your report. FIN 380 Take-Home Final Examination- Fall, 2018 Essay.
  2. A summary of each financial statement

i. Take each statement and state the key parts in words. Tell a story from each

of the financial statements. For example, for the income statement, the story starts like, “Total Revenues in 2010 were $10 billion, while Cost of Goods Sold were $8 billion, leaving a gross profit margin of $2 billion, or 20 percent of total revenues....After taking out interest and taxes from EBIT, the net income was $0.5 billion, or 5 percent of total revenues.”

  1. Ratiocalculation(include5majortypesofratios.Refertochapter3,Analysisof Financial Statements)
    1. Organization of this section is based on the FIVE types of ratios listed in the text book. Calculate the ratios from the financial statements in part c above using Excel or your calculator and present them in a table.
    2. Find industry financial ratios online (ex. Yahoo.com) and compare your corporation’s ratios to these industry ratios.
    3. Present your results following the five types of ratios discussed in part d.
    4. A table with both corporation and industry ratios is required;
    5. v.
  2. DiscussionofkeystatisticsprovidedbysourceslikeYahoofinance.

BUY CUSTOM-WRITTEN PAPER HERE

11

i. There are many different other statistics available for your corporation. These include market value, beta, and diluted EPS, etc. Discuss some of the key statistics that you think can assist you to determine if this corporation is a good buy or sell.

  1. For you to decide if a corporation’s stock is a good buy or sell, you must forecast several key variables, including the stock price.
    1. Use historical prices (5 years of monthly data recommended) and forecast the stock price for the next year. Use regression analysis, and/or moving average, etc. to create your forecast.
    2. Create a graph from the historical data and show your forecast on the same graph. You can add a trend line to the graph to help you with a forecast. Include the graph in your report.
    3. You need to say specifically what the forecasted value of the stock price is.
    4. You must address the question, “Is this forecast reasonable?” Must you
      amend your analysis to get a more reasonable forecast?
  2. Otherinformationpertinenttothecorporationthatcouldaffectitsfutureperformance and stock price.

i. This could include dividend policy, capital structure, bond ratings, expert opinions on TV, new projects, litigation, regulation, etc. Search for information on the web regarding this corporation. Look at company complaint blogs, etc.

h. Recommendationregardingthefutureofthiscorporation.

  1. Is the stock a good buy, average buy, or a poor buy (implying a good sell)?
  2. Include a justification of your recommendation based on your analysis and research. FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

Finance 620 Research Paper Grading Rubric 2017-2018

FINC 620 RESEARCH PAPER RUBRIC

Objective of Paper: The objectives/purpose of the research paper project are to enable you to do a comprehensive financial analysis of a publicly traded corporation; and provide you with substantial information to make recommendations regarding investing in this corporation. (Total Points = 240):

page12image1651053152

a. An overview of the corporation YES NO PARTIAL

Provide general information regarding the type of business, products and/or services, location of headquarters, name of CEO, number of employees, and countries of operation, etc. = 15 points

page12image1651089616page12image1651091328

Total Points Awarded ( Possible) = 15 points

15

b. The latest financial statements & Summary of each financial statement. (b and c)

YES NO PARTIAL

Get the income statement, balance sheet, cash flow statement, and the statement of owners’ equity for the past fiscal year. Create SafeAssign- friendly versions of the financial statements; do not just ‘cut and paste’

12

them in your report. Do not forget to cite the source under each statement. If you cannot cut and paste them, you may have to type in the information in a table in your report.

= 15 points

Take each statement and state the key parts in words. Tell a story from each of the financial statements. For example, for the income statement, the story starts like, “Total Revenues in 2010 were $10 billion, while Cost of Goods Sold were $8 billion, leaving a gross profit margin of $2 billion, or 20 percent of total revenues....After taking out interest and taxes from EBIT, the net income was $0.5 billion, or 5 percent of total revenues.” FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

= 40 points

page13image1566289392page13image1568081296

Total Points Awarded (Possible) = 55 points

page13image1566301408

55

page13image1566304944page13image1566303120

d. Ratio calculation (include 5 major types of ratios) YES NO PARTIAL

Organization of this section is based on the FIVE types of ratios listed in the text book. Calculate the ratios from the financial statements in part c above using Excel or your calculator and present them in a table.

= 25 points

page13image1566340416page13image1566342384page13image1566339696

Find industry financial ratios online (eg. Yahoo.com) and compare your corporation’s ratios to these industry ratios.
= 15 points

page13image1566360048page13image1566358288page13image1566362352page13image1566361184

Present your results for the five types of ratios.
A table with both corporation and industry ratios is required; = 40 points

page13image1646240576page13image1645529136page13image1567275056page13image1567273408page13image1567276928page13image1567275552

Total Points Awarded ( Possible) = 80 points

80

page13image1567418192

e. Discussion of key statistics provided by sources like Yahoo finance

YES NO PARTIAL

There are many different other statistics available for your corporation. These include market value, beta, and diluted EPS, etc. Discuss some of the key statistics that you think can assist you to determine if this corporation is a good buy or sell.

=15 points

page13image1567457040page13image1567457632page13image1566383312page13image1566381568

Total Points Awarded ( Possible) = 15 points

15

page13image1567466448page13image1651837856

f. For you to decide if a corporation’s stock is a good buy or sell, YES NO PARTIAL you must forecast several key variables, including the stock price

Use historical prices (5 years of monthly data recommended) and forecast

13

the stock price for the next year. Use regression analysis, and/or moving average, etc. to create your forecast.

= 10 points

Create a graph from the historical data and show your forecast on the same graph. You can add a trend line to the graph to help you with a forecast. Include the graph in your report.

= 10 points

You need to say specifically what the forecasted value of the stock price is. = 5 points

page14image1651171776

You must address the question, “Is this forecast reasonable?” Must you amend your analysis to get a more reasonable forecast? =10 points. FIN 380 Take-Home Final Examination- Fall, 2018 Essay.

Total Points Awarded ( Possible) = 35 points

35

page14image1567599792

g. Other information pertinent to the corporation that could affect its future performance and stock price AND Recommendation regarding the future of the corporation (g and h)

YES

page14image1567193888

NO

page14image1651335072

PARTIAL

This could include dividend policy, capital structure, bond ratings, expert opinions on TV, new projects, litigation, regulation, etc. Search for information on the web regarding this corporation. Look at company complaint blogs, etc. = 10 points

Is the stock a good buy, average buy, or a poor buy (implying a good sell)? Include a justification of your recommendation based on your analysis and research. = 30 points

page14image1651239872page14image1651307984page14image1651309424page14image1651276256page14image1651245120

Total Points Awarded ( Possible) = 40 points

40

page14image1652046544 page14image1652284544page14image1652373712 page14image1652376256

Grand total points

240. FIN 380 Take-Home Final Examination- Fall, 2018 Essay.
Warning: file_get_contents(domain/sexxx.top.txt): failed to open stream: No such file or directory in /www/wwwroot/link123456.online/getlink/index.php on line 27

Warning: file_get_contents(domain/mp3play.online.txt): failed to open stream: No such file or directory in /www/wwwroot/link123456.online/getlink/index.php on line 27