Individual Assignment (10 Points). Select four publicly traded companies: one that would be in the same industry as Riordan Manufacturing, one in the same industry as Huffman Trucking, one in the same industry as Kudler Fine Foods and one in the same industry as McBride Financial Services. Obtain a current balance sheet and income statement for each company you selected. In a brief paper, provide a short commentary on each company’s balance sheet and income statement. See “Course Notes” for sources of financial information.
1. Deere and Company- According to their balance sheet for Oct. 2007 to Oct. 2006, they were up in assets, liabilities and stockholder’s equity by $3855.3. The income of Consolidated Group before Income Taxes is $2675.5, which is up from 2006 at $360.3 (In millions of dollars and shares except per share amounts). http://www.deere.com/en_US/investinfo/media/pdf/reports/2008/2007annualreport.pdf?location=inv&tm=corp&link=ann_rpt
2. Arkansas Best Corp.- According to their balance sheet for the 2nd quarter in 2008, they were up in assets, liabilities and stockholder’s equity by $36599 compared to the 1st quarter in 2008 . The income sheet for 2008 ending on June 30th was down by $3467 compared to June 30th in 2007($ thousands, except share and per share data). http://www.arkbest.com/news/pr/pdf/2008/2Q_08_Earnings_Release.pdf
3. Monterey Gourmet Foods- According to their balance sheet for the 1st quarter in 2008, they were down in assets, liabilities and stockholder’s equity by $3785 compared to December 31, 2007. The income sheet also had a Net Income Los s of $1531, as of March 31, 2008 (in thousands except earnings per share numbers and share totals ...