The research is to analyse the reason for both business and financial performance of Intel between 2023 and 2025 and conclude based on findings. The research should follow the attached structure. I have alredy constructed the charts that should be adopted. I also included a similar to serve as sample

Instructions and rubric link attached. Assignment includes excel sheet and 6-8 powerpoint slide presentation.

Required Book/Edition for the Book Report:

From the Syllabus:

A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy, by Burton

G. Malkiel,13th Edition. Publisher: W. W. Norton & Company, 2024; ISBN: 978-1324035435

• This 480-page book is required for completing the six-page, single-spaced Book Report and for preparing for possible questions on the final exam. Plan to read it steadily throughout the semester. For detailed guidelines, the grading rubric, required signed handwritten honor pledge see the Plan andGuide for Writing the Book Report. Please also see, A Self-Paced 8-Week Schedule for Writing the Required Book Report.

Use of Artificial Intelligence (AI) Tools is Strictly Prohibited

The use of AI tools (e.g., TerpAI, ChatGPT, Gemini, Perplexity, Grammarly, or similar platforms) is strictly prohibited for any part of the assignment process, tests, outlining, writing, editing, or brainstorming. While these tools may have a role in your future academic or professional work, this course is designed to strengthen your ability to think critically, identify and independently manage and solve your financial problems throughout your life, generate original ideas, articulate them in your own words, and develop a unique scholarly voice. These skills are essential to your success in this class and in your broader academic journey.

Plan and Guide for Writing the Book Report:

Required Book: A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy (13th Edition).

This guide will help you structure and write your Book Report while ensuring that you meet all course requirements. The report, excluding the title page and any references, must be at least six single-spaced pages in length (minimum of 3,000 words), written in 12-point font, and divided into two key sections:

• An electronic (PDF) copy of the Book Report, including the signed handwritten Honor Pledge** (include a scan of the signed Pledge on the title page of your submission), is required on or before the due date. Please see Canvas for the deadline. The Book Reports without the signed handwritten Honor Pledge receive zero points.
• From the
• : The Honor Pledge is a statement undergraduate and graduate students should be asked to write by hand and sign on examinations, papers, or other academic assignments. The Pledge reads: “I pledge on my honor that I have not given or received any unauthorized assistance on this assignment/examination.”

https://studentconduct.umd.edu/you/students/honor-pledge

• If you need to know the steps in writing a book report, On Canvas, please see the File folder 6 – Book Review-Tips on Writing and also

1. Critical Review of the book (4 pages or more) 6 points
2. Applications to Your Life (2 pages or more) 4 points

There is no upper limit on length, so feel free to expand if necessary.

1. Critical Review of the book

The purpose of this section is to demonstrate your understanding of the book by summarizing its main ideas and critically evaluating its content.

1. Introduction (1 Paragraph)

• Introduce the book: Include the title, author, edition, and main theme.
• Briefly describe its purpose: What is the book trying to teach?
• State your thesis: A one-sentence summary of your overall impression of the book (e.g., “This book provides a strong argument for passive investing through index funds, backed by historical data and market analysis.”).

1. Summary of Main Points (2 Pages or more)

• Focus on the key ideas of the book rather than summarizing every chapter.
• Some core concepts to include:
• The Efficient Market Hypothesis (EMH) Stock prices reflect all available information.
• The Random Walk Theory Future stock prices are unpredictable.
• The case for index funds Why passive investing beats active stock-picking.
• Behavioral finance insights How emotions and biases impact investing.
• Historical financial bubbles Lessons from past market crashes.

1. Evaluation & Critical Analysis (2 Pages or more)

• Strengths: What does Malkiel do well? (E.g., clear explanations, strong use of data, real-world examples)
• Weaknesses: Are there any limitations or counterarguments? (E.g., Does the book downplay active investing too much?)
• Relevance today: Do the books lessons still hold up in todays financial markets?
• Your opinion: Do you agree with Malkiels arguments? Why or why not?

1. Applications to Your Life

The second half of your report should focus on four specific lessons from the book that you have learned and will apply (or plan to apply) in your own financial life.

1. Lessons and Applications (1.5 2 Pages or more)

For each of the lessons, follow this structure:

1. State the lesson clearly (e.g., Investing in index funds is a smarter long-term strategy than picking individual stocks.)
2. Explain what Malkiel says about it (Include a brief explanation of the idea from the book.)
3. Describe how you will apply it in your financial life.
4. Possible Lessons to Include

Here are some potential key lessons from the book that you might find applicable:

1. Start investing early The power of compound interest.
2. Avoid trying to beat the market Passive investing through index funds.
3. Diversification reduces risk Why putting money in different assets is crucial.
4. Control your emotions Avoid panic selling and overconfidence in investing.
5. Understand financial bubbles Recognizing market hype and avoiding bad investments.
6. Consider costs and fees Why minimizing investment fees matters for long-term growth.
7. Personal Reflection (Final Paragraph)

• Summarize how reading this book has changed your views on investing.
• Discuss any investment actions you plan to take based on these lessons.
• End with a statement on the books overall impact on your financial decision-making.

Formatting and Additional Tips

• Follow proper formatting: 12-point font, single-spaced (six pages, a minimum of 3000 words), clear headings
• Use clear and concise language Avoid excessive summaries; focus on key ideas and applications.
• Support your points with examples from the book.
• Use first-person perspective in the application section.

By following this structure, you will produce a well-organized, insightful book report that meets all course requirements while also helping you gain valuable financial knowledge.

• Goal: Revisit your thesis, reflect on how your views have changed, and explain how you will carry these lessons forward. Proofread carefully for clarity, flow, grammar, and formatting. Ensure the Book Report is written in a single-spaced format and submit the final report. In addition to the single-spaced requirement, you may use APA formatting.

A Self-Paced 8-Week Schedule for Writing the Required Book Report

(This leaves plenty of time for timely submission)

Required Book for the Book Report: A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy (13th Edition).

This schedule breaks the process into manageable weekly tasks. By following it, you will complete a thoughtful, well-organized, and timely 6-page report (minimum 3,000 words, single-spaced, 12-pt font).

General Notes:

• Critical Thinking: Continuously question the authors assumptions and evidence.
• Application: Be specific in connecting lessons to your life, family, and career.
• Time Management: Dedicate 23 focused hours weekly to stay on track.
• APA Formatting: Cite the book as (Smith, 2017), if you refer to other books/sources, and include a reference page.

AC-638 Financial Statement Analysis

FINANCIAL ANALYSIS PROJECT

Overview

The final project for this class is a financial analysis of a publicly traded corporation.

The final result will be delivered in the format of a written paper. As a general guide, the written paper should be at least

EIGHT pages, double spaced. A cover page, works cited page, and appendix does not count toward the page

requirement.

Suggested Approach

Identify a publicly traded company that interests you. This should be a company for which historical

data are readily available. (NOTE: The chosen company must currently be paying a dividend).

In choosing the company, also consider the availability of other information that will be helpful in

completing the assignment.

Research background information on your company.

Gather the relevant data to complete the various analyses outlined on the next page.

Based on your analyses, determine if the company is a good investment choice.

Follow the format listed on the next page.

One student per company. The first student to submit an acceptable proposal will be granted that

company.

If you are having trouble choosing a company, contact your instructor as soon as possible.

To gather information on an entity, you must use your corporations most recent annual report (10-K). This can

be obtained by either doing an online search for the companys annual report or going to the companys

website directly.

E-mail the instructor with your intended company by no later than Saturday, April 11th

.

**NOTE: Use of AI to write the report or to copy and paste calculations is strictly prohibited. Any use of AI for

this purpose will result in a violation of the Tradition of Honor and will result in failure of this project.

Due Date

The paper is due by Monday, May 4th

.

The final project is worth 25% of the course grade.Project Format

1. Introduction:

Discuss what the project is about, the intent of it, and the company selected.

2. Brief Summary of the Company

History of the company

A short summary of the products the entity produces/sells

3. Comprehensive Financial Analysis

Conduct a financial analysis on the firm, based on the quality of the financial statements. To prepare a financial analysis,

one must include the following:

a) Prepare a full common sized balance sheet and income statement for the prior two years.

b) Manually compute the following ratios for you corporation for the prior two years. In this section, one must also

indicate if the ratios are strong or weak.

-Current Ratio

-Quick Ratio

Accounts Receivable Turnover

-Inventory Turnover

-Debt-Asset Ratio

-Return on Assets

-Return on Common Equity

-Times Interest Earned

-Gross Profit Margin

-Net Profit Margin

c) Cash Flow Analysis: Assess the health of the cash flow statement.

-Compute free cash flow for the prior two years

-Are there capital expenditures? If so, how much? Whats the trend?

d) Balance Sheet Analysis: Compute the firms capital structure for each of the prior two years.

-Whats the trend in the capital structure?

e) Debt Analysis: Find the companys credit rating.

-Do you believe that the credit rating is appropriate? Explain.

f) Inventory Analysis:

-What type of inventory accounting system is used? Find the note.

g) Stockholders Equity Analysis

–Have there been dividend payments and/or stock buybacks?

-What types of stock are issued?

-Are there any dividends in arrears on preferred stock (if applicable)? Find the note13

h) Pension Plan Analysis: Analyze the corporations pension plans. Use the notes to the statements.

-Does the corporation have a defined benefit plan, defined contribution plan, or both?

-If there is a defined benefit plan, whats the settlement rate?

4. Conclusion

-Based on the companys liquidity, solvency, debt, and profitability ratios, along with the cash flow and supporting

analysis, does your corporation appear to be a good investment choice? Explain in detail.

5. References

*All sources should be cited using an APA format.

*In addition to including a References Page, one must useproper in-text citations (using APA format)

6. Appendix

-Make sure to include supporting work for ratio computations in this section

* Beyond the papers content, writing skills (proper spelling, grammar, punctuation, sentence/paragraph

structure, etc.) will be factored into the grading of the research paper, as well.

*Note: It is required that one uses the 10-K and compute the ratios using Microsoft Excel or Google Sheets.

The formulas for the ratio computations must be included. Please do not include ratios found online in the

repor

Instructions

Case 1 – Ratios and Financial Planning

Corporate Finance, 6th edition

Chapters 4, 5 and 6

Author / EditorBerk and DeMarzoPublisherPearsonVolume / Edition6thPublication Date2024[Chapter 3, page 81]

DO NOT USE AI

In 1969, Tom Warren founded East Coast Yachts. The companys operations are located near Hilton Head Island, South Carolina, and the company is structured as a sole proprietorship. The company has manufactured custom midsize, high-performance yachts for clients, and its products have received high reviews for safety and reliability. The companys yachts have also recently received the highest award for customer satisfaction. The yachts are primarily purchased by wealthy individuals for pleasure use. Occasionally, a yacht is manufactured for purchase by a company for business purposes.

The custom yacht industry is fragmented, with a number of manufacturers. As with any industry, there are market leaders, but the diverse nature of the industry ensures that no manufacturer dominates the market. The competition in the market, as well as the product cost, ensures that attention to detail is a necessity. For instance, East Coast Yachts will spend 80 to 100 hours on hand-buffing the stainless steel stem-iron, which is the metal cap on the yachts bow that conceivably could collide with a dock or another boat.

Several years ago, Tom retired from the day-to-day operations of the company and turned the operations of the company over to his daughter, Larissa.

Because of the dramatic growth at East Coast Yachts, Larissa decided that the company should be reorganized as a corporation and, today, the company is publicly traded under the ticker symbol ECY.

Dan Ervin was recently hired by East Coast Yachts to assist the company with its short-term financial planning and also to evaluate the companys financial performance. Dan graduated from college five years ago with a finance degree, and he has been employed in the treasury department of a Fortune 500 company since then.

The companys past growth has been somewhat hectic, in part due to poor planning. In anticipation of future growth, Larissa has asked Dan to analyze the companys cash flows. The companys financial statements are prepared by an outside auditor.

After Dans analysis of East Coast Yachts cash flow (at the end of our previous chapter), Larissa approached Dan about the companys performance and future growth plans. First, Larissa wants to find out how East Coast Yachts is performing relative to its peers. Additionally, she wants to find out the future financing necessary to fund the companys growth. In the past, East Coast Yachts experienced difficulty in financing its growth plan, in large part because of poor planning. In fact, the company had to turn down several large jobs because its facilities were unable to handle the additional demand. Larissa hoped that Dan would be able to estimate the amount of capital the company would have to raise next year so that East Coast Yachts would be better prepared to fund its expansion plans.

To get Dan started with his analyses, Larissa provided the following financial statements. Dan then gathered the industry ratios for the yacht manufacturing industry.

HERE ARE THE NUMBERS BUT PLEASE REVIEW THE ATTACHMENT FOR MORE CLEAR NUMBERS ON THE INCOME STATEMENT.

East Coast Yachts

2023 Income StatementItem

Income

Sales

$495,381,600

Cost of goods sold

$357,466,500

Selling, general, and administrative

$ 59,200,300

Depreciation

$ 16,166,700

EBIT

$ 62,548,100Interest expense

$ 8,910,000EBT

$ 53,638,100Taxes (25%)

$ 13,409,525Net Income

$ 40,228,575 Dividends

$ 17,437,050 Retained earnings

$ 22,791,525

East Coast Yachts

2023 Balance SheetCurrent Assets

Amount

Current Liabilities

Amount

Cash and equivalents

$ 9,096,300

Accounts payable

$ 36,146,575

Accounts receivable

$ 15,131,900

Accrued expenses

$ 5,151,400

Inventory

$ 16,322,100 Total current liabilities

$ 41,297,975Other

$ 949,400 Total current assets

$ 41,499,700Fixed assets

Long-term debt$137,200,000 Property, plant, and equipment

$370,828,800 Total long-term liabilities$137,200,000 Less accumulated depreciation

(92,206,700) Net property, plant, and equipment

$278,622,100Intangible assets and others

$ 6,094,800Stockholders’ equity Total fixed assets

$284,716,900 Preferred stock$ 1,595,700 Common stock$ 29,057,000 Capital surplus$ 24,178,000Accumulated retained earnings$131,382,725 Less treasury stock(38,494,800) Total equity$ 147,718,625Total assets

$326,216,600Total liabilities and shareholders’ equity$326,216,600

Yacht Industry RatiosRatio

Lower Quartile

Median

Upper Quartile

Current ratio

.86

1.51

1.97

Quick ratio

.43

.75

1.01

Total asset turnover

1.10

1.271.46Inventory turnover

12.1814.3816.43Receivables turnover

10.2517.6522.43Debt ratio

.32.56.61Debt-equity ratio

.831.131.44Equity multiplier

1.832.132.44Interest coverage

5.728.2110.83Profit margin

5.02%7.48%9.05%Return on assets

7.05%10.67%14.16%Return on equity

14.06%19.32%26.41%

Assignment Directions

Write a case analysis of 2,000 2,500 words (8 to 10 pages), content (title page and reference page not included) in proper APA format, covering the following requirements:

1. East Coast Yachts uses a small percentage of preferred stock as a source of financing. In calculating the ratios for the company, should preferred stock be included as part of the companys total equity?
2. Calculate all of the ratios listed in the industry table for East Coast Yachts for 2023. (Use Excel to do the calculations, then copy and paste them into your paper).
3. Compare the performance of East Coast Yachts to the industry as a whole. For each ratio, use decision criteria and comment on why it might be viewed as positive or negative relative to the industry. Suppose you create an inventory ratio calculated as inventory divided by current liabilities. How would you interpret this ratio? How does East Coast Yachts compare to the industry average for this ratio?
4. Calculate the sustainable growth rate for East Coast Yachts. Calculate external funds needed (EFN) and prepare pro forma income statements and balance sheets assuming growth at precisely this rate. Recalculate all of the ratios in the previous question given these new criteria. What does your analysis conclude? (Use Excel to do the calculations, then copy and paste them into your paper).
5. As a practical matter, East Coast Yachts is unlikely to be willing to raise external equity capital, in part because the shareholders dont want to dilute their existing ownership and control positions. However, East Coast Yachts is planning for a growth rate of 20 percent next year. What are your conclusions and recommendations about the feasibility of East Coasts expansion plans?
6. Most assets can be increased as a percentage of sales. For instance, cash can be increased by any amount. However, fixed assets often must be increased in specific amounts because it is impossible, as a practical matter, to buy part of a new plant or machine. In this case, a company has a staircase or lumpy fixed cost structure. Assume that East Coast Yachts is currently producing at 100 percent of capacity and sales are expected to grow at 20 percent. As a result, to expand production, the company must set up an entirely new line at a cost of $75 million. Prepare the pro forma income statement and balance sheet given these new criteria. What is the new EFN with these assumptions? What does this imply about capacity utilization for East Coast Yachts next year? (Use Excel to do the calculations, then copy and paste them into your paper).

Submission Guidelines

• Prepare this Assignment according to the APA guidelines, including a title page, an introduction, and a conclusion. An abstract is not required. Use in-text citations and include a References section. A template is included in the Resources and Supports.
• Below Are 6 DIFFERENT RESOURCES USE AT LEAST 3 BELOW in addition with the case study reference.:

Ridwan, S., Syah, T. Y. R., Kustiawan, U., & Nofierni, N. (2025). Financial Planning and Investment Feasibility Analysis Based on Five-Year Projections Using ROI, NPV, IRR, and Financial Ratios: JEL Classification: G31, M13, L26, O16, L81. Journal La Bisecoman, 6(2), 489506. https://doi.org/10.37899/journallabisecoman.v6i2.1970

Fabozzi, F. J., & Peterson, P. P. (2003). Financial management and analysis. (2nd ed.). Wiley.

Ittelson, T. R. (2020). Financial statements : a step-by-step guide to understanding and creating financial reports. Career Press.

Tennent, J. (2008). Guide to financial management. Economist in association with Profile Books.

Alhabeeb, M. J. (2016). Entrepreneurial finance : fundamentals of financial planning and management for small business (1st ed.). Wiley.

Brun, A., & Karaosman, H. (2019). Customer influence on supply chain management strategies: An exploratory investigation in the yacht industry. Business Process Management Journal, 25(2), 288306. https://doi.org/10.1108/BPMJ-05-2017-0133

• Note that your attached paper will automatically be submitted to Turnitin SO DO NOT SUBMIT IT TO TURNITIN ON YOUR OWN, and an Originality Report should be sent back to the classroom within around 15 minutes. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoiding plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited. Students should strive for a TII report with a similarity index of less than 20%.
• In the Assignment dropbox, please attach your paper as a file; do not copy & paste. Submit your assignment by 11:59 pm ET, Day 7 (Sunday).

Your paper will be evaluated according to the Writing Assignment Grading Rubric shown below. To maximize your grade, be sure to use the proper organization (intro, body, conclusion) and follow APA style. Your paper should have a title page and reference page, but you do not need an abstract for this assignment.

10000 word dissertation

Interest rates and stock market performance

aim for 60 sources