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ACCT 370 Excel Project: Part I Instructions Company Information (Tab 1), and Historical Income Statements, Balance Sheets, and Cash Flows (Tabs 2-4) · Choose one of the 3 companies listed in your Instructor’s Week 1 Announcement. · Go to the Securities and Exchange Commission’s EDGAR database and access your chosen company’s most recent Form 10-K (annual report). (For help with this process, see the Module/Week 1 presentation, “Downloading Financial Statements from the SEC EDGAR Database.”) · Create an Excel workbook, including data for your chosen company as follows: · The 1st tab (worksheet) in your Financial Statement Analysis Template must be labeled Company Information. The following information must be included: · Company Name and ticker symbol · Industry · Products or services offered · Major competitors · An example of this tab is provided in Exhibit A. · The 2nd tab in your Financial Statement Analysis Template must be labeled Historical Income Statements. · Include the latest three years based on SEC filings. · Ensure that the worksheet includes a header with: · Company Name · Financial Statement Name (Income Statements) · Financial Statement Dates · Denomination level ($s in millions or thousands, etc.) · The 3rd tab in your Financial Statement Analysis Template must be labeled Historical Balance Sheets. · Include the latest three years based on SEC (10-K) filings. (Note: Some 10-Ks only provided 2 years of balance sheet data. You may need to download the second most recent 10-K for your company in order to obtain 3 years of balance sheet data.) · Ensure that the worksheet includes a header with: · Company Name · Financial Statement Name · Financial Statement Dates · Denomination level ($s in millions or thousands, etc.) · A partial balance sheet example is provided in Exhibit B. · The 4th tab in your Financial Statement Analysis Template must be labeled Historical Statement of Cash Flows. · Include the latest three years based on SEC (10-K) filings. · Make sure that the Income Statement, Balance Sheet, and Cash Flows Statement tie in as follows: · Net Income from Income Statement agrees with Net Income on the Statement of Cash Flows. · Ending Cash Balance from Statement of Cash Flows agrees with Cash in the Balance Sheet. · Ensure that the worksheet includes a header with: · Company Name · Financial Statement Name · Financial Statement Dates · Denomination level ($s in millions or thousands, etc.) · Other instructions: · The Excel workbook should be professionally formatted. Professional formatting includes: · All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent. · Dollar signs are included in the first and last numbers of each column. · Subtotals and totals are preceded by a single underline. Totals are followed by a double underline. · All extraneous information is removed from the spreadsheet. Sometimes, files downloaded from the SEC website contains extra characters or other things that need to be deleted. · Line descriptions are indented/bolded in a manner that makes the spreadsheet easy to read. · All totals and subtotals should be calculated using formulas.  For an example of which cells may need formulas, please see Exhibit B. This assignment is due by 11:59 p.m. (ET) on Monday of Module/Week 2. Exhibit A: Example Company Information Tab Exhibit B: Example Historical Balance Sheets Tab (IMPORTANT NOTE: Only Partial Balance Sheet shown. Your Balance Sheet should include Liabilities and Stockholders’ Equity as well.) ACCT 370 Excel Project Part I Grading Rubric (100 point Maximum) Criteria Levels of Achievement Content/Accuracy (70 points) Advanced Proficient Developing Not present Content/Accuracy – Tab 1 – Company Information (10 points) 9 to 10 points Tab included the required information, including company name, ticker symbol, industry, products or services offered, and major competitors. 7 to 8 points Tab included the required information, including company name, ticker symbol, industry, products or services offered, and major competitors, with only minor exceptions. 1 to 6 points Tab was missing a significant amount of the required information, and/or the information presented was incorrect. 0 points Not present Content/Accuracy – Tab 2 – Historical Income Statements (20 points) 18 to 20 points Three years of historical income statements for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. 14 to 17 points Three years of historical income statements for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted. 1 to 13 points Major components of the three years of historical income statements are missing, and/or are based on incorrect sources. 0 points Not present Content/Accuracy – Tab 3 – Historical Balance Sheets (20 points) 18 to 20 points Three years of historical balance sheets for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. 14 to 17 points Three years of historical balance sheets for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted. 1 to 13 points Major components of the three years of historical balance sheets are missing, and/or are based on incorrect sources. 0 points Not present Content/Accuracy – Tab 4 – Historical Cash Flows (20 points) 18 to 20 points Three years of historical cash flows for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. 14 to 17 points Three years of historical cash flows for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted. 1 to 13 points Major components of the three years of historical cash flows are missing, and/or are based on incorrect sources. 0 points Not present Excel Formulas, Style, and Formatting (30 points) Advanced Proficient Developing Not present Excel Functions/Formulas (15 points) 14 to 15 points Excel formulas are utilized to calculate all totals and subtotals in the historical financial statements. 11 to 13 points Excel formulas are utilized to calculate all totals and subtotals in the historical financial statements, with only a few minor exceptions. 1to 10 points The submission is missing most of the Excel formulas required. 0 points Not present Style and Formatting (15 points) 14 to 15 points The submission is professionally formatted. All tabs include appropriate headings with the required information. Totals and subtotals are identified with properly placed underlines. Numbers are formatted consistently, including the use of commas and decimals. The submission is consistent, neat, and easy to read. 11 to 13 points The submission is professionally formatted, with only minor exceptions to the following: All tabs include appropriate headings with the required information. Totals and subtotals are identified with properly placed underlines. Numbers are formatted consistently, including the use of commas and decimals. The submission is consistent, neat, and easy to read. 1 to 10 points The submission lacks in professional formatting. It is missing headings, appropriately placed underlines, and/or consistent formatting. The submission is messy, hard to read, or substantially inconsistent in formatting. 0 points Not present Excel Project: Part II Instructions Competitor #1 Income Statement (Tab 5), Competitor #1 Balance Sheet (Tab 6), Competitor #1 Cash Flows (Tab 7), Competitor #2 Income Statement (Tab 8), Competitor #2 Balance Sheet (Tab 9), Competitor #2 Cash Flows (Tab 10), Historical and Competitor Ratios (Tab 11) · Continue in the same Excel workbook prepared in Week 2, adding the following tabs: · The 5th tab and 8th tabs in your Financial Statement Analysis Template must be labeled (Competitor Company Name) Income Statements. (Replace “Competitor Company Name” with the name of the competitor.) · Include the latest three years of income statements for your competitor based on SEC filings. · Ensure that the worksheet includes a header with: · Company Name · Financial Statement Name (Income Statements) · Financial Statement Dates · Denomination level ($s in millions or thousands, etc.) · The 6th and 9th tabs in your Financial Statement Analysis Template must be labeled (Competitor Company Name) Balance Sheets. (Replace “Competitor Company Name” with the name of the competitor.) · Include the latest three years of balance sheets for your first competitor based on SEC (10-K) filings. (Note: Some 10-Ks only provided 2 years of balance sheet data. You may need to download the second most recent 10-K for your company in order to obtain 3 years of balance sheet data.) · Ensure that the worksheet includes a header with: · Company Name · Financial Statement Name · Financial Statement Dates · Denomination level ($s in millions or thousands, etc.) · The 7th and 10th tabs in your Financial Statement Analysis Template must be labeled (Competitor Company Name) Cash Flows. (Replace “Competitor Company Name” with the name of the competitor.) · Include the latest three years based on SEC (10-K) filings. · Make sure that the Income Statement, Balance Sheet, and Cash Flows Statement tie in as follows: · Net Income from Income statement agrees with Net Income on the Statement of Cash Flows · Ending Cash Balance from Statement of Cash Flows agrees with Cash in the Balance Sheet · The 11th tab in your Financial Statement Analysis Template must be labeled Historical and Competitor Ratios · The list of ratios to be included are as follows. They should be grouped under the headings, as shown: · Liquidity Ratios · Current Ratio · Quick Ratio · Leverage Ratios · Debt to Total Assets Ratio · Debt Equity Ratio · Long-Term Debt to Equity · Times Interest Earned Ratio · Activity Ratios · Inventory Turnover · Fixed Assets Turnover · Total Assets Turnover · Accounts Receivable Turnover · Average Collection Period · Profitability Ratios · Gross Profit Margin · Operating Profit Margin · Net Profit Margin · Return on Total Assets (ROA) · Return on Stockholders’ Equity (ROE) · Earnings Per Share (EPS) · Price Earnings Ratio · Calculate the ratios for your chosen company for the last three years, linking the ratio calculations back to the historical financial statement tabs (Tabs 2-4) using formulas. · Calculate the ratios for each of your company’s competitors (most recent year only), linking the ratio calculations to the competitor financial statements shown in Tabs 5-10 using formulas. · Using the internet, locate the industry averages for the ratios listed above, and include them in the final column of the ratio tab. Include a footnote on the tab to identify the source of the industry averages. · Other instructions: · The Excel workbook should be professionally formatted. Professional formatting includes: · All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent. · Dollar signs are included in the first and last numbers of each column. · Subtotals and totals are preceded by a single underline. Totals are followed by a double underline. · Line descriptions are indented/bolded in a manner that makes the spreadsheet easy to read. · All totals and subtotals in the competitor financial statements as well as the ratio calculations should be calculated using formulas.  This assignment is due by 11:59 p.m. (ET) on Monday of Module/Week 4. ACCT 370 Exhibit A: Example Historical and Competitor Ratios (Tab 11) ACCT 370 Excel Project Part II Grading Rubric (100 point Maximum) Criteria Levels of Achievement Content/Accuracy (70 points) Advanced Proficient Developing Not present Content/Accuracy – Tabs 5 & 8 – Competitor Income Statements (15 points) 14 to 15 points Three years of historical income statements for 2 competitors are included in the submission, and are based on 10-K reports from the SEC EDGAR database. 11 to 13 points Three years of historical income statements for 2 competitors are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted. 1 to 10 points Major components of the three years of historical income statements for 2 competitors are missing, and/or are based on incorrect sources. 0 points Not present Content/Accuracy – Tab 6 & 9 – Competitor Balance Sheets (15 points) 14 to 15 points Three years of historical balance sheets for 2 competitors are included in the submission, and are based on 10-K reports from the SEC EDGAR database. 11 to 13 points Three years of historical balance sheets for 2 competitors are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted. 1 to 10 points Major components of the three years of historical balance sheets for 2 competitors are are missing, and/or are based on incorrect sources. 0 points Not present Content/Accuracy – Tab 7 & 10 – Competitor Cash Flows (15 points) 14 to 15 points Three years of historical cash flows for 2 competitors are included in the submission, and are based on 10-K reports from the SEC EDGAR database. 11 to 13 points Three years of historical cash flows for 2 competitors are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted. 1 to 10 points Major components of the three years of historical cash flows for 2 competitors are are missing, and/or are based on incorrect sources. 0 points Not present Content/Accuracy – Tab 11 – Historical and Competitor Ratios (25 points) 23 to 25 points Three years of historical ratios for the primary company are presented, as required, and are calculated accurately. One year of ratios for each of the two competitors are presented, and are calculated accurately. Industry averages are presented and include an appropriate citation for the source of the averages. Errors in calculations are minimal, and are limited to 1-2 ratios. 18 to 22 points Three years of historical ratios for the primary company, one year of ratios for each of the two competitors, and the industry averages are presented as required, and calculated accurately, with only a few exceptions. There may be errors in 3-5 ratios. 1 to 17 points Major components of the three years of historical ratios, one year of ratios for two competitors, or the industry averages are missing or calculated incorrectly. There may be more than 5 errors in the calculations. 0 points Not present Excel Formulas, Style, and Formatting (30 points) Advanced Proficient Developing Not present Excel Functions/Formulas (15 points) 14 to 15 points Excel formulas are utilized to calculate all totals and subtotals in the competitor financial statements, and all historical and competitor ratios. Historical and competitor ratio calculations link back to the appropriate tabs where the related financial statements are presented. 11 to 13 points Excel formulas are utilized to calculate all totals and subtotals in the competitor financial statements, and all historical and competitor ratios, with only minor exceptions. Historical and competitor ratio calculations link back to the appropriate tabs where the related financial statements are presented, with only minor exceptions. 1to 10 points Many of the Excel formulas required to calculate totals and subtotals in the competitor financial statements and the historical and competitors ratios are missing or incomplete. 0 points Not present Style and Formatting (15 points) 14 to 15 points The submission is professionally formatted. All tabs include appropriate headings with the required information. Totals and subtotals in the competitor financial statements are identified with properly placed underlines. Numbers are formatted consistently, including the use of commas and decimals. The submission is consistent, neat, and easy to read. 11 to 13 points The submission is professionally formatted, with only minor exceptions to the following: All tabs include appropriate headings with the required information. Totals and subtotals in the competitor financial statements are identified with properly placed underlines. Numbers are formatted consistently, including the use of commas and decimals. The submission is consistent, neat, and easy to read. 1 to 10 points The submission lacks in professional formatting. It is missing headings, appropriately placed underlines, and/or consistent formatting. The submission is messy, hard to read, or substantially inconsistent in formatting. 0 points Not present