financial accounting accounting for liabilities


This is for a discussion post. The company to be used is Pfizer. Here are the instructions:

Using the Annual Report of your selected company, answer the following questions in the Discussion:

  • What is the breakdown of the company’s current liabilities at year end?
  • Calculate the company’s times-interest-earned ratio for the year-end. What does this tell you about the company?
  • How much was the company’s long-term debt at year end?
  • Compute the company’s debt to equity ratio at year-end. How does it compare to the industry? What does this tell you about the company?

Post the name of your selected company and the link to the statement

with your discussion post. You may use a service such as Yahoo Finance

to help research industry averages. The notes to the financial

statements will also be of use in answering the discussion questions.