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Annual Report Sprint communications

Annual Report Sprint communications. James Hatcher IV ACG 2021 Section 002. Executive Summary.

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Annual Report Sprint communications

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  1. Annual ReportSprint communications James Hatcher IV ACG 2021 Section 002

  2. Executive Summary Overall, sprint communications had a terrific year. The profits increased and they are planning to have improved services and better products. They surpassed their goals greatly and are hoping to continue this success. • http://www.sprint.com

  3. Part A. Audit Report • CEO Gary Forsee • Shawnee Mission, KS • Ending date of latest fiscal year 12/31/05 • Principal products are communication products, wireless and local services. • Entire United States population

  4. Part A . Audit Report • Independent Auditors: Ernst & Young LLP Independent Auditors • What did they say about the company ? After the auditors ran their tests in accordance with auditing standards that are accepted in general. They found no error in the financial statements of Sprint communication. The reports were truthful and properly arrange.

  5. Part A. Stock Market Information • Most recent price of the company’s stock:$24.50 • Twelve month trading range of the company’s stock:$11.00-$28.50 • Dividend per share :$.30 • Date of above information:12/09/05 • My opinion about the company stock as an investment? Buy it all if possible. With sprint doing so well and merging with Nextel, there is no stopping them.

  6. Part B. Industry Situation and Company Plans • Sprint is in the technology industry which is growing everyday. Cell phones are a huge way of life in today's society and the demand for them are great. With Sprint merging with Nextel There is only room to increase profits. The company also plans to improve communication by building new towers so that the network won’t be congested. http://www.sprint.com http://news.com

  7. Part C. Income Statement • Sprint uses a multistep format income statement. • Gross margin, operating margin and net income all increased from 2003 to 2004.

  8. Part C. Balance Sheet Assets = Liabilities + Stockholders 75,689 52,891 21,657 57,783 28,245 14,008 In 2004 assets and liabilities have almost double. Stockholder’s equity had an increase from 2003.

  9. Part D. Accounting policies • There were no significant accounting policies, relating to revenue recognition, cash, short term investments, inventories, and equipment.

  10. Notes to financial statement • Note 1 The company and summary of accounting policies • Note 2 Cash ,cash Equivalents and short term investments • Note 3 Contingencies • Note 4 2004 stock plan • Note 5 Information about Geographic Areas • Note 6 Subsequent Events

  11. Part E. Financial AnalysisLiquidity Ratios • Working capital 4,668 • Current Ratio 1.125 • Receivable Turnover 6.012 • Days sale in A/R 0.032 • Inventory turnover 10.325 • Days in inventory 31.50 • Ratios are in millions of dollars

  12. Part E. Financial AnalysisProfitability Ratios • Profit margin 0.012 • Asset turnover 1.93 • Return on assets 0.023 • Return on equity 0.008 • Ratios in millions of dollars

  13. Part E. Financial Analysis Solvency Ratio • Debt to equity 0.34 • Ratios in millions of dollars

  14. Part E. Financial Analysis Market Strength Ratios • Price/earnings per share 39.38 • Dividend yield 0.09

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