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B203-051 Corporate Financial Statements Project Part 1:Airgas,INC. NYSE:ARG




Question;B203-051 Corporate Financial;Statements Project Part 1;DUE DATE: TUESDAY, APRIL 2;You will be working with this;company for both part 1 and part 2 of this project. Pick a company you are interested in, that is;listed on a US stock exchange, and for which financial statements are available;for the last 3 years.;Step 1: State name and ticker;symbol of the company you have chosen.;Airgas,INC. NYSE:ARG;Step 2: Write a short statement;(1 paragraph) describing the company and why you chose it.;Step 3: Obtain a copy of the;financial statements for the year ended December 31, 2012. This should include income statements for the;years ended December 31, 2012, 2011, and 2010.;You can get this either from the company website or from;Step 4: Translate the income;statement for the year ended December 31, 2012 from absorption costing to;variable costing. You will need to;state, on a line item by line item basis, why you are identifying that cost as;a variable, fixed, or mixed cost. If you select mixed cost, you will need to;support your allocation based on information you gained about the company;online, in the financial statements or accompanying materials.;Set revenues to equal 100% and;calculate what percentage each cost is for the years ended December 31, 2012;2011 and 2010. Revisit your initial;decisions about variable costs ? if a line item did not vary by more than 10%;it probably is a variable cost.;Alternatively, if a line item stayed relatively constant by dollar;value, and did not fluctuate more than 10%, it is most likely a fixed cost.;Provide a copy of the income statement;for your company and place the letter F for fixed, V for variable, and M for;mixed by each cost. Also include the;percentages you calculated. Describe your rationale for your choices on a;separately.;Step 5: Prepare a variable;costing income statement.;Step 6: Calculate break-even for the company.;Step 7: Calculate margin of safety in dollars


Paper#43571 | Written in 18-Jul-2015

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