ACC 304 – Week 2 Discussion Paper

CPAs involved in financial analysis focus on the 10-K for major companies. Gross profit and inventory valuations play a key role in recognizing the company’s financial profile:

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• Choose two of the FAANG stocks:
  • Facebook.
  • Amazon.
  • Apple.
  • Netflix.
  • Google.
• Based upon the most current 10-K report from each company, compare and contrast gross profit and ending inventory.
• Explain the role gross profit and inventory turnover play in a company’s profitability.

ACC 304 – Week 2 Discussion Paper