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Each chapter in the textbook contains a continuation of this problem. The objective is to learn how to do a comprehensive financial statement analysis in steps as you learn the content of each chapter. Keep this in mind as you complete each week’s written assignment.
- Open the financial statement analysis template that you saved from the Eastman Kodak 1 assignment and input the data from the Eastman Kodak income statement. Use the basic earnings per share from continuing operations when inputting the earnings per share amount. When you have finished inputting the data, review the income statement to make sure there are no red blocks indicating that your numbers do not match the cover sheet information you input from the Eastman Kodak 1 assignment. Make any necessary corrections before saving a “print out” of both your input and the common-size income statement that the template automatically creates for you. You will submit this “print out” to your instructor.
- Analyze the income statement of Eastman Kodak. Write a 2-page summary that includes important points that an analyst would use in assessing the profitability of Eastman Kodak.