Analysis of Financial Statements

Financial statements or reports are records of a fraternity?s pecuniary transactions. They determine the profitability of a conjunction?s pay in the short-term and long-term. There are intravenous feeding sanctioned pecuniary statements, the Balance Sheet, the Income line, the Cash Flows Statement, and the Statement of retained kale (Wikipedia, The Free Encyclopedia [WTFE], 2007). Our textbook, Accounting: Concepts and Applications, gives the following definitions for the four-spot original fiscal statements:?The Balance Sheet reports a caller?s assets, liabilities, and owners? equity at a particular date. ?The Income Statement reports the criterion of net income earned by a company during a layover. ?The Statement of Cash Flows reports the amount of cash put in and remunerative out by a company during a period of time. ?The Statement of Retained Earnings reports the change in retain earnings during a period of time. Our learning team up has selected to retread the financial statements of two of the leading companies in the sell pharmacy industry, Walgreen Co. and CVS Corporation. Walgreens and CVS are common household names. It is virtually unachievable to go into any city and not pass by a Walgreens and/or CVS. These companies have stock that is publicly traded. both companies must(prenominal) produce public financial statements at the end of every(prenominal) financial year for potential investors, shareholders, etc.

Our team goal is to estimate the financial statements for both companies and give a description of the financial information included in these sta tements. But before we go into detail on ea! ch company?s rise of life information, we will give some background information rough both Walgreens and CVS. Walgreens was founded in 1901 in Chicago, Illinois, by Charles Walgreen senior The company?s stock went public in 1927. It is the largest drugstore chain in the United States based on gross revenue (MarketLine military control Information Center [MLBIC], 2006. They sell general... If you motive to get a full essay, order it on our website: BestEssayCheap.com

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