Chapter 5 Internet Exercises

1. Since you are reading this after the end of Proctor & Gamble's fiscal year 2003, how do your forecasts from the previous problems compare to the actual FY 2003 results? Does it appear that more information would have helped to generate better forecasts? Insert Proctor & Gamble's actual sales for 2003 into your forecast. does this improve your forecast of earnings?
   
   
2. Choose your own company and then repeat the analysis from Problem 1. You can get the data from MoneyCentral Investor at http://moneycentral.msn.com/investor/home.asp. To retrieve the data for your company, go to the Stocks area and enter the ticker symbol. Now choose Financial Results and then Statements from the menu on the left side of the screen. Display the annual income statement, select the entire data section, and copy. Now paste this data directly into a new worksheet. Repeat these steps for the balance sheets.