Bsa 500 Week 4 Balance Sheet and Income Statement Commentary
Balance Sheet and Income Statement Commentary
Michael Turner
BSA 500 – Business Systems I
July 24, 2013
Simon Chen
Balance Sheet and Income Statement Commentary
Balance Sheets and Income Statements is an approach to review the overall financial status of the company. We will be reviewing four companies in different industries’ balance sheet and income statements. With a technique to combine the statements we will be able to evaluate the companies’ income, expense and stockholder’s equity in the company. In reviewing Swift Transportation Company, Eastman Chemical Company, United Natural Foods, Inc. and Wells Fargo and Company over the course of the last few years we will be able to understand the value and growth potential of these companies.
“Swift Transportation Company operates as a multi-faceted transportation services company and truckload carrier in North America. The company primarily transports discount and other retail merchandises, perishable and non-perishable foods, beverages and beverage containers, paper and packaging products, consumer non-durable products, manufactured goods, automotive goods, and building materials primarily through its fleet of tractors with refrigerated, dry van, flatbed, and other trailing equipment. It also offers rail intermodal services; freight brokerage and logistics management services; and support services, such as shop maintenance, equipment leasing, insurance, and repair services. As of December 31, 2012, the company operated a tractor fleet of approximately 15,300 units, including 11,300 tractors driven by company drivers and 4,000 owner-operator tractors; a fleet of 52,800 trailers; and 8,700 intermodal containers from 35 terminals positioned near freight centers and traffic lanes in the United States and Mexico. It serves various customers primarily in the retail, discount retail, consumer products, food and beverage, manufacturing, and transportation and logistics industries” (Yahoo Finance, 2013). Swift
Michael Turner
BSA 500 – Business Systems I
July 24, 2013
Simon Chen
Balance Sheet and Income Statement Commentary
Balance Sheets and Income Statements is an approach to review the overall financial status of the company. We will be reviewing four companies in different industries’ balance sheet and income statements. With a technique to combine the statements we will be able to evaluate the companies’ income, expense and stockholder’s equity in the company. In reviewing Swift Transportation Company, Eastman Chemical Company, United Natural Foods, Inc. and Wells Fargo and Company over the course of the last few years we will be able to understand the value and growth potential of these companies.
“Swift Transportation Company operates as a multi-faceted transportation services company and truckload carrier in North America. The company primarily transports discount and other retail merchandises, perishable and non-perishable foods, beverages and beverage containers, paper and packaging products, consumer non-durable products, manufactured goods, automotive goods, and building materials primarily through its fleet of tractors with refrigerated, dry van, flatbed, and other trailing equipment. It also offers rail intermodal services; freight brokerage and logistics management services; and support services, such as shop maintenance, equipment leasing, insurance, and repair services. As of December 31, 2012, the company operated a tractor fleet of approximately 15,300 units, including 11,300 tractors driven by company drivers and 4,000 owner-operator tractors; a fleet of 52,800 trailers; and 8,700 intermodal containers from 35 terminals positioned near freight centers and traffic lanes in the United States and Mexico. It serves various customers primarily in the retail, discount retail, consumer products, food and beverage, manufacturing, and transportation and logistics industries” (Yahoo Finance, 2013). Swift
References: Yahoo Finance. (2013). Retrieved from http://finance.yahoo.com/q/pr?s=SWFT+Profile Wikipedia. (2013). Retrieved from http://en.wikipedia.org/wiki/Eastman_Chemical_Company#cite_note-10K-1 Press Release. (1999-2012). Retrieved from http://phx.corporate-ir.net/phoenix.zhtml?c=93228&p=irol-newsArticle&ID=1843554&highlight=