Question

For your initial post: find an internet or PMI library source that contains a database of corporate financial data. Keep in mind that you are searching for a database and not an individual company. A database will contain information about many companies. Provide a citation for the source you use. Describe the database and the information that it contains. Describe how you could use this data to analyze a prospective company of interest. What are other potential uses for this information?

A) EDGAR (Electronic Data Gathering, Analysis, and Retrieval) Database

B) Bloomberg Terminal Database

C) Yahoo Finance Database

D) Morningstar Database

Answer 1

The EDGAR (Electronic Data Gathering, Analysis, and Retrieval) Database is a comprehensive database maintained by the U.S. Securities and Exchange Commission (SEC) that contains financial statements and annual reports of publicly traded companies in the United States. It can be used to analyze a company's financial performance, assess its financial health, and identify potential risks. Other potential uses include industry analysis, benchmarking, and evaluating investment opportunities.

Step-by-step explanation:

EDGAR (Electronic Data Gathering, Analysis, and Retrieval) Database: The EDGAR database is maintained by the U.S. Securities and Exchange Commission (SEC) and contains financial statements, annual reports, and other corporate information for publicly traded companies in the United States. It is a comprehensive database that provides information on various aspects of a company's financial performance, including balance sheets, income statements, cash flow statements, and footnotes.

You can use the EDGAR database to analyze a prospective company of interest by accessing its financial statements and annual reports. This data will allow you to assess the company's financial health, profitability, liquidity, and overall performance. It can also help you identify any red flags or potential risks that may exist.

Other potential uses for this information include conducting industry analysis, benchmarking companies against their competitors, tracking financial trends and market dynamics, and evaluating investment opportunities.