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Dell Computers Fiscal Year 2013 Financial Reporting

In: Business and Management

Submitted By Navarre
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Understanding and Analyzing Dell’s Fiscal Year 2013 Financial Reporting For over 30 years Dell Incorporation has been elite when it comes to growth and sales. It generates roughly a little over one million dollars a day in sales. Dell provides the health care to information technology of its product. Here is a snapshot of the company’s history. The company was launched back in 1984 by Michael Dell. He started with $1000 and followed his dream to success. He guided the company from 1000 dollars to 85 million in a period of three years. Dell made its fortune 500 debut in 1992. Dell.com was launched in 1996 bringing in over one million dollars a day from sales. Dell became the number one computer system provider in 2001. In 2005 the company made the list for “America Most admired companies” according to fortune magazine. In 2010 the company was ranked the number one information technology service provider in the world. Dell always lists their financial statements for the public to view. In those statements you will find the current assets, cash equivalents, and the total current liabilities. This information is on display for potential creditors, investors, and employees. This information lets employees know the projected life of the company. It also lets creditors know that the company has the ability to pay back loans if it plans on doing business with them. The investors uses this to access the company’s strength and competition to its competitors. Investors also look at what the company is contributing to the community such as donations and how it is viewed by its counterparts. All of the financial statements on hand give the viewers the company’s strength and weakness’. For example, the way it list its current assets are based on how quickly the revenue can be made. Current assets are cash and other resources that companies reasonably…...

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