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MIS13 Chapter 10 Hands-on MIS Application Exercise Instructions
Downloading the Data into a Spreadsheet
Use the Convert Text to Columns Wizard in your spreadsheet software to arrange the 10-
K data you downloaded into spreadsheet columns and rows. From the Excel menu, select
Data and then select the Text to Columns option. The software brings up a Wizard to
Financial Statements
Financial statements are used to evaluate the performance of a business and diagnose its
strengths and weaknesses. The two primary financial statements are income statements
and balance sheets. The income statement, also called an operating statement or profit
and loss statement, shows the income and expenses of a firm over a period of time, such
as a year, a quarter, or a month. Gross profit is calculated by subtracting the cost of goods
A balance sheet provides a snapshot of a company’s financial assets and liabilities on a
given date, usually the close of an accounting period. It lists what material and
intangible assets the business owns and what money the business owes either to its
