Review of Financial Statements

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Submitted By blaine
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Review of Financial Statements
University of Phoenix
FIN324 Financial Analysis for Managers
Joseph Brennan Introduction It is said that companies will come and go, and those that survive and left standing will teach other companies, how their survived. We will take two companies; UPS and Ebay, Inc break them down and show you how they got their start. In our paper, it will also be discussed and show a review of their financial statements from each one. The point is to get a better picture of where a company started, the competition it endured, and the money that was possibility projected for the start. This paper will also show how auditors are essential to the running of any company.
Review of Financial Statements
Brief overview UPS, a delivery service, has been around for about 100 years. James E. Casey started the company on $100 borrowed from a friend of his. Casey, who was 19 years old when he started UPS, had worked for delivery services before and wanted to start a better delivery system of his own. The American Messenger company, what UPS was previously called, started in Seattle, Washington and had many competitors in the beginning. His business not only survived among them, but thrived (UPS, n.d.). Today the company serves over 200 countries delivering “goods, funds, and information” (UPS, n.d., ¶ 1). UPS has several stores located in these countries, including the United States, where people can not only have their packages sent, but they can also buy delivery products from them as well.
On September 5, 1995, Piere Omidyar founded eBay sitting in his living room. eBay got it first start with a lie stating “that it was founded to help Omidyars finacee trade Pez candy dispensers and that lie was back by a public relations manager in 1997. (eBay, n.d., 2) In 1997 Jeffery Skoll became the first president of eBay. eBay original name was…...

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