I need help with my final paper for ACC 205. I have selected a company and I have the balance sheet and income statement that need to be used for the three-year horizontal analysis. I really only need the Horizontal Analysis of Income Statement and Balance Sheet and the Ratio Analysis to be completed. I can do the rest of the paper.
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Get Help Now!Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the textbook as references.
Here is a breakdown of the sections within the body of the assignment:
Company Overview
Provide a brief overview of your company (one to two paragraphs at most). What industry is it in? What are its main products or services? Who are its competitors?
Horizontal Analysis of Income Statement and Balance Sheet
Prepare a three-year horizontal analysis of the income statement and balance sheet of your selected company. Discuss the importance and meaning of horizontal analysis. Discuss both the positive and negative trends presented in your company.
Ratio Analysis
Calculate the current ratio, quick ratio, cash to current liabilities ratio, over a two-year period. Discuss and interpret the ratios that you calculated. Discuss potential liquidity issues based on your calculations of the current and quick ratios. Are there any factors that could be erroneously influencing the results of the ratios? Discuss liquidity issues of competitive companies within the same industry.
Recommendation
Based on your analysis would you recommend an individual invest in this company? What strengths do you see? What risks do you see? It is perfectly acceptable to state that you would recommend avoiding this company as long as you provide support for your position.
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Balance Sheet
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View: Annual Data | Quarterly Data
Period Ending
All numbers in thousands
Dec 31, 2013
Dec 31, 2012
860,000
1,305,000
Dec 31, 2011
Assets
Current Assets
Cash And Cash
Equivalents
Short Term Investments
1,439,000
–
–
–
Net Receivables
875,000
914,000
815,000
Inventory
396,000
415,000
552,000
Other Current Assets
252,000
193,000
227,000
Total Current Assets
2,383,000
2,827,000
3,033,000
Long Term Investments
1,089,000
1,106,000
1,104,000
Property Plant and Equipment
9,058,000
9,197,000
9,117,000
Goodwill
6,220,000
6,197,000
6,175,000
Intangible Assets
7,216,000
7,373,000
7,476,000
–
–
–
Other Assets
403,000
262,000
295,000
Deferred Long Term Asset Charges
193,000
104,000
112,000
26,562,000
27,066,000
27,312,000
Accumulated Amortization
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Short/Current Long Term
Debt
Other Current Liabilities
2,090,000
1,942,000
1,823,000
52,000
407,000
384,000
–
–
–
Total Current Liabilities
2,142,000
2,349,000
2,207,000
Long Term Debt
12,671,000
15,588,000
16,408,000
Other Liabilities
1,746,000
1,944,000
1,989,000
Deferred Long Term Liability Charges
5,727,000
5,030,000
5,006,000
Minority Interest
Negative Goodwill
(87,000)
(146,000)
(166,000)
–
–
–
22,199,000
24,765,000
25,444,000
Misc Stocks Options Warrants
–
–
–
Redeemable Preferred Stock
–
–
–
Preferred Stock
–
–
–
Common Stock
10,000
1,000
1,000
Total Liabilities
Stockholders’ Equity
Retained Earnings
Treasury Stock
(5,331,000)
–
(5,746,000)
–
(6,098,000)
–
Capital Surplus
9,948,000
Other Stockholder Equity
8,452,000
(264,000)
8,454,000
(406,000)
(489,000)
Total Stockholder Equity
4,363,000
2,301,000
1,868,000
Net Tangible Assets
(9,073,000)
(11,269,000)
(11,783,000)
Hilton Worldwide Holdings Inc. (HLT)
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Income Statement
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View: Annual Data | Quarterly Data
All numbers in thousands
Period Ending
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Total Revenue
9,735,000
9,276,000
8,783,000
Cost of Revenue
3,877,000
3,988,000
3,881,000
Gross Profit
5,858,000
5,288,000
4,902,000
Operating Expenses
–
Research
Development
–
Selling General and
Administrative
2
0
,
0
54,000
0
0
–
Others
–
3
,
3
4
3
3,584,000 ,
0
0
0
4,153,000
Non Recurring
Total Operating
Expenses
–
5
6
4
,
550,000 0
0
0
603,000
–
–
Operating Income or Loss
1,102,000
1,100,000
975,000
Income from
Continuing
Operations
Total Other
Income/Expenses
Net
200,000
53,000
9,000
1,318,000
1,142,000
839,000
Interest Expense
620,000
569,000
643,000
Income Before Tax
698,000
573,000
196,000
Income Tax Expense
238,000
214,000
Earnings Before
Interest And Taxes
Minority Interest
Net Income From
Continuing Ops
(45,000)
(7,000)
(59,000)
(2,000)
660,000
341,000
108,000
Discontinued
Operations
–
–
–
Extraordinary Items
–
–
–
Effect Of Accounting
Changes
–
–
–
Other Items
–
–
–
Non-recurring
Events
Net Income
Preferred Stock And Other Adjustments
Net Income Applicable To Common Shares
415,000
352,000
253,000
–
–
–
415,000
352,000
253,000
http://finance.yahoo.com/q/is?s=HLT+Income+Statement&annual
http://finance.yahoo.com/q/bs?s=HLT+Balance+Sheet&annual
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