Accounting 523 cases:
Read about ELY and GOLF (perhaps start with their business descriptions in their annual reports, presentation decks on their IR websites, and/or sell-side analyst reports). Summarize the key similarities and differences between the two business.
Compare earnings quality between the 2 firms over the last 3 years (this should include both GAAP vs non-GAAP earnings and accruals analysis).
Pick 4 financial statement ratios (e.g. gross margin, inventory turnover, sales growth, days sales outstanding, cash conversion cycle, debt-to-equity, quick ratio, ROE, etc.) that you believe may differ between the 2 companies and make predictions (example: which one should have better gross margins based on the business descriptions, or should they be the same?).
Compare the 4 financial statement ratios you chose between the 2 firms for a recent fiscal year or fiscal quarter and explain if the actual results were as you expected or different. If different explain why that might be.
