Locate the 2013 balance sheet and income statement of Bank of America, import them into Excel, and submit your Excel spreadsheet. ____________________ Bank of America ( 0 messages – 0 unread )In this discussion thread we will be discussing Bank of America’s performance in the last three years after having applied horizontal, vertical, and ratio analyses to their financial statements. Now that you have retrieved the financial statements for Bank of America and applied horizontal, vertical, and ratio analysis, you have the information you need to draw conclusions on the company’s performance.In the Forum discussion thread titled ‘Bank of America’ we will be discussing Bank of America’s performance in the last three years after having applied horizontal, vertical, and ratio analyses to their financial statements. Each student is required to make an original post that addresses the following questions:1. When you apply horizontal analysis, do you conclude that Bank of America’s performance has improved or worsened in the last three years?2. When you apply vertical analysis for all three years, has the composition of Bank of America’s assets, liabilities, revenue, and expenses changed? If it has changed, has it changed for the better or for the worse?3. When you apply ratio analysis, does Bank of America meet optimal target ratios? In what areas is Bank of America excelling and in what other areas is it struggling? 4. If you were an adviser to Bank of America, what would you recommend?Attachments: financialstatementanalysis-comprehensiveexample.xls
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