Analysis of Financial Statements

Financial statements or reports are records of a fraternity?s pecuniary transactions. They determine the profitability of a company?s relent in the short-term and long-term. on that point are four ratified pecuniary statements, the Balance woodworking plane, the Income Statement, the property Flows Statement, and the Statement of Retained kale (Wikipedia, The Free Encyclopedia [WTFE], 2007). Our textbook, be: Concepts and Applications, gives the following definitions for the four schoolmaster financial statements:?The Balance Sheet reports a company?s assets, liabilities, and owners? equity at a particular date. ?The Income Statement reports the touchstone of net income earned by a company during a layover. ?The Statement of Cash Flows reports the add together of cash collected and mercenary out by a company during a rate of flow of time. ?The Statement of Retained net income reports the change in celebrate earnings during a extremity of time. Our learning team has selected to redo the financial statements of two of the direct companies in the retail chemists shop industry, Walgreen Co. and CVS Corporation. Walgreens and CVS are common theatre names. It is virtually impossible to go into any city and non pass by a Walgreens and/or CVS. These companies have stock list that is publicly traded. Both companies must(prenominal) get out public financial statements at the end of every(prenominal) fiscal course of instruction for potential investors, shareholders, etc.

Our team finishing is to visualize the financial statements for two companies and give a interpretation of the financial information include in these statements. But before we go into detail on each company?s full of life information, we entrust give some background signal information rough two Walgreens and CVS. Walgreens was founded in 1901 in Chicago, Illinois, by Charles Walgreen Sr. The company?s stock went public in 1927. It is the largest drugstore chain in the United States based on sales (MarketLine military swan Information Center [MLBIC], 2006. They shit general... If you want to get a full essay, order it on our website: Orderessay

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