Assignment 1

Assignment 1 - ActSc 371: Assignment #1 Posted: September...

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ActSc 371: Assignment #1 Posted: September 23, 2005 Due: In class, October 3, 2005 (no electronic submission) Late Assignments Will Not Be Accepted Question 1 Go to the Yahoo! Finance website at http://finance.yahoo.com and enter Microsoft’s ticker symbol MSFT. The last three annual balance sheets for Microsoft are available through the “Balance Sheet” link on the left (to- wards the bottom). Note that the most recent sheet balance sheet (June 30, 2005) shows a negative balance in retained earnings. This might seem odd, as Microsoft is a very profitable corporation. Examine all three of the financial statements available for Microsoft, and provide a brief explanation for the large decrease in Microsoft’s retained earnings between June 30, 2004 and June 30, 2005. Hint: you may be able to find details of a significant event (in terms of Microsoft’s cash flow) by experimenting with the options available through the “Historical Prices” link.
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Assignment 1 - ActSc 371: Assignment #1 Posted: September...

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