Project #6753 - Accounting

Research the latest balance sheet and income statements of two companies in the same industry. For example, you may use Burger King and Wendy's or Home Depot and Lowe's.

Make sure you use the same time period and give your source use MLA style.

Part 1 Comparison of Balance Sheets

Compare their assets: Name and give the value of 3 current assets. Which company has the highest current assets? Name and given the value of 3 plant assets. Is goodwill listed as an asset on the balance sheet?
Compare their liabilities: Name and give the value of 3 current liabilities. Which company has the highest current liabilities? What is the amount of total liabilities?
Compare their equity: What is amount of total equity?

Part 2 Comparison of Income Statements

Consider the following in your comparison:

What is the name of the revenue account (s)?
Is there a Cost of Goods Sold account?
What is the amount of the net income?
How are the expenses divided?
What are names of three expenses?
Is there a depreciation expense account (s)?
Is there a gross margin or gross profit account?

Subject General
Due By (Pacific Time) 05/25/2013 12:00 am
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