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 companys financial profile:
- 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 companys profitability.
- Provide support for your rationale.
