accounting help 495070

Template for Course Project Assignment #2-INDIVIDUAL due 12/10/13 Learning about your Company, its Financial Statements & tracking its Stock Price Your name Other team member(s) Section # Again, use your Company’s most recent SEC Form 10-K to answer the questions below in the space provided. You will need to complete one template for each company. [Search hint: every item you want may not be where you expect it type in what you are looking for (e.g., “preferred stock”) into the upper right hand search window in the 10-K pdf file.] Part 1: Basic data on your company Company name BRINKER INTERNATIONAL, INC Industry name Restaurant brands Part 2: Understanding the financial statements (continued from Assignment #1-IND) Part 2A: Inventories Using your Company’s financial statements, answer the questions below: Insert numbers and compute financial ratios Most recent year available 1st Prior Year Does the Company report Inventories on the balance sheet? (Yes or No) Yes Yes Do they appear to be manufacturing, retail or some other inventory accounts? Retail Retail What is the dollar amount of total inventories at yearend? 24,628 25,360 What is the major inventory method (cost-flow assumption), e.g., FIFO, LIFO, weighted-average? FIFO FIFO If they use LIFO, what would have been the ending balance under FIFO? n/a n/a Compute inventory turnover for the most recent year. (Inventory turnover = CGS ÷ Average Inventory) — see textbook p. 300 30.34 n/a Compute days in inventory for the most recent year. (Days in inventory = 365 ÷ Inventory turnover ratio) — see textbook p. 300 12 days n/a Part 2B: Accounts Receivable Using your Company’s financial statements, answer the questions below: Insert numbers and compute financial ratios Most recent year available 1st Prior Year Does the Company report Accounts Receivable? (Yes or No) Yes Yes What is the dollar amount of Accounts Receivable, net, at yearend? (i.e., net of Allowance…