Research work on Financial Management. Begin with an appropriate title Find data from the financial statements for a large corporation such as Toyota, General Motors, Walmart, McDonalds, Burger King or Subway by searching the web. Note, use a corporation for which you can find the data and has a recognizable industry to benchmark. For example, industry for McDonalds is “fast food restaurants.” Note also that you can choose a Canadian Corporation, an international Corporation, an American corporation, or some other country such as Japan/Toyota.
Use the data for 2019 to determine how profitable the Corporation was in that financial year. Recall what you learnt in chapter 3 to measure profitability using at least three different measures. Note, 2019 is chosen because of Covid-19 in 2020 1. Explain how each of the measure you use is an acceptable accounting measure of profitability and which one is best. 2.
Compare with two acceptable benchmarks: industry average/peer group for 2019, and the company’s own average for the previous 10 years, 2009-2018 3. Write a paragraph to summarize the comparisons, your conclusion regarding profitability and add any concerns In an Appendix, provide only the important raw data you used to get the 2009-2018 averages and sources. Be brief (2 pages maximum).
Answers with the course’s readings and at least wo scholarly journal articles. The article’s purpose is to support your positions, claims, and observations, in addition to your textbook. Sources ProQuest and EBSCOhost are great sites to find resources. Also, write in a concise and logical, using excellent grammar and style techniques. Additionally, the quality of your writing dictates grading criteria. On the other hand, if you use direct quotes from books or articles, place the words you copied (use parenthesis) and cite them in-line. Also, only use sources within the five-year range.