Essay Acc 561 Week 2 Financial Statement Analysis

Financial Statement Analysis NAME ACC/561 Accounting DATE University of Phoenix PROFESSOR Introduction Samsung – International Manufacturing Company Samsung served as the manufacturing industry and international company analyzed. Samsung has been in business for over 70 years and manufactures products for diverse markets, including: digital media, high -tech electronics, home appliances, information technology and telecommunication. Samsungs motto is to inspire the world and create the future by leveraging three key strengths: new technology, innovative products and creative solutions. | Samsung | Wells Fargo | ATamp;T | Current Ratio | 1.4101 | 1.1500 | 1.6467 | Debt to Equity Ratio | 0.6768 | 9.8100 | 0.9675 |†¦show more content†¦Wells Fargo shows a much higher profitability ratio than Samsung, with over 8X that of Samsung. This is to be expected as services are typically more profitable than hardware sales which operate on leaner margins. Wells Fargo also outperforms Samsung significantly on return on sales with over 25X better performance. This again is attr ibutable to better margins on services than hardware. Wells Fargo has a much stronger return on equity than Samsung with a Dupont ratio over 5X higher than Samsungs. Samsung has a stronger financial leverage ratio than Wells Fargo with almost 20% lower ratio for Samsung. Samsung also has a much lower total asset turnover than Wells Fargo. This is attributable to the quick turnover of assets in the manufacturing industry compared to the slow turnover of assets in the financial services sector. With Samsung being the only international company evaluated, there doesnt seem to be any significant impact of IASB over FASB standards for accounting. With the ratios used, the core components of the balance sheet and income statement were utilized. The key elements of revenue, expenses, assets and liabilities werent significantly impacted by IASB over FASB standards. Wells Fargo – Domestic Services Industry Company Wells Fargo is an international company based in United States and Canada. Wells Fargo has several divisions and services, ranging from basic deposit accounts to complex commercial loans.Show MoreRelatedAcc/561 Sample Final Examination1215 Words   |  5 PagesACC/561 Sample Final Examination Week One: Decision Making Objective: Explain the role of budgets and performance reports in the management decision-making process. 1. The Hola Company held a Christmas party. The company expected attendance of 100 persons and prepared the following budget: Hotel room rental $600 Food 500 Entertainment 800 Decorations 300 Totals $2,200 After all bills for the party were paid, the total cameRead MoreFour Forms of Business Organization 21360 Words   |  6 PagesAcc/561 Week 2 Assignment Instructor: Mark Student: G Toe Washington November 14, 2011 Abstract This is an analysis of the four different forms of business organization. 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