Discussion 3 – Financial Statement Analysis 2
The company is Hilton Worldwide Holdings, Inc. (NYSE: HLT)
web site for reference: SEC.gov | EDGAR Full Text Search
This assignment is intended to help you learn to do the following:
Record and report on inventory transactions using the perpetual system.
Calculate gains and losses and show how they are presented on a multistep income statement.
Determine the amount of net sales.
Continue to evaluate the company you selected for Discussion 2.
Review your Company’s Annual Report (also known as a 10-K)
Using the SEC Edgar website,Links to an external site. enter the name of your company and click Search. Once your company has been found, refine your search results by clicking on Form and selecting 10-K.
Open the most recently filed 10-K (Annual Report).
Create a Discussion Post
Review the Balance Sheet and Income Statement. This is usually found in Part II, Financial Statement and Supplementary Data. In your post, address the following:
What income statement format does your company use? Explain.
Does your company have inventory? If so, what was the value of the company’s inventory as of the year of filing?
Did your company report cost of goods sold (or cost of sales)? If so, was the amount of cost of goods sold for the year of filing?
What percentage of your company’s sales end up as net income?
What percentage of your company’s sales go to pay for cost of the goods being sold?