Question 1: The FASB has several ongoing projects that involve the review of standards and which may result in updates and/or revisions of financial accounting standards. You should select an ongoing...

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Question 1: The FASB has several ongoing projects that involve the review of standards and which may result in updates and/or revisions of financial accounting standards. You should select an ongoing FASB project after visiting the Technical Plan and Project Updates sections of the FASB Web site. Question 2 Your corporation must meet the following criteria: · It must be ranked number 500 or higher on the Fortune 500 list for the current year. · It must have an SEC 10-K report for the current or most recent prior year.  · It must have an Accounts Receivable and Inventory Account. · It is recommended you select a manufacturing company. Your corporation may NOT: · Be a bank or any other type of financial institution. · Be a service company. 1. Write the name of the corporation, the stock market where it is traded, and its ticker symbol in the Subject line when you respond to this posting and all other postings related to this project.  For example: · Under Armour: NYSE: UA · Apple; NASDAQ: APPL · ExxonMobil; NYSE: XOM 2. State why you want to study and prepare a financial analysis of your corporation. 3. Provide a direct link to your corporation's SEC 10-K report for the most recent year. A direct link is a hyperlink that takes you directly to a website where the SEC 10-K report is located. For example, this is the direct link to the 2019 SEC 10-K report for Apple, Inc. The most direct route to finding the direct link is to use the SEC EDGAR System and search by Company name. Comment by Hema Lallsa: Expert, pls note this is a link. If it don’t open copy paste on below https://www.sec.gov/edgar/searchedgar/companysearch.html? An alternative research method to locate the most current SEC 10-K for your company is to search for the name of your company and the words investor relations. You will need to make selections and click links such as SEC filings and may be required to use the drop-down SEC filings menu to select annual as the report type. 4. State your corporation's position on the Fortune 500 List for the current year.  Your chosen company must be ranked number 500 or higher. 5. Provide page numbers for all four required financial statements: · Income Statement (it could be listed as the Consolidated Statements of Income.) · Balance Sheet (it could be listed as the Consolidated Balance Sheet or Statement of Financial Position.) · Statement of Stockholders Equity (it could be listed as the Consolidated Statements of Stockholder's Equity or Consolidated Statements of Stockholder's Deficit.) · Statement of Cash Flows 6. What were the company's revenues for the most recent fiscal year?  Comment on the trend in total revenue.  Is it increasing or decreasing during the past two years? 7.  Were there any prior-period adjustments (PPA)?  If so, what caused the PPA's?  8. Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis.  How do the results for your company compare to industry averages?      a. Accounts receivable turnover      b. Profit margin      c. Return on assets      d. Times interest earned 9. Describe three facts about the stock exchange on which your corporation's stock is traded.  10. Briefly describe your company's investments and intangible assets. 11. Prepare a vertical analysis of your company's Balance Sheet for the current year.