Running head: FINANCIAL STATEMENT INFORMATION 1 FINANCIAL STATEMENT INFORMATION 3 Financial Statement Information Sonya Hatfield South University Online FIN 4060 Professor Clark March 16, 2020 Cisco Systems Inc. and Dell Technologies Inc The issues which cannot be obtained from the Cisco Systems Inc. and Dell Technologies Inc. financial statements are the actual market value of the firms, and whether fraudulent activity took place within the business. The aforementioned issues turn out to be of concern to any investor, as well as, other stakeholders because on the side of the investors, and they do not purchase stocks on the basis of a firm’s past financials. Buyers do not purchase a firm’s interest simply because it had a great year. The past cannot be the future; thus, intelligent shareholder put their cash into the future. In that respect, they have interests in a firm’s product research, backlog, future revenue streams and other multiple things that indicate the market value of a firm but cannot be derived from the financial statement (AICPA, 2019). These products as well as services offered through Cisco organization, Inc is also efficiently commercialized. The Cisco Systems was initially marketed throughout educational innovations as well as has extended into the industry leader. Cisco organization commercialized their products as well as services in different means. For instance, Cisco Systems provided conference companies when advertising their goods, which advertised the company as active and engaged to their consumer support. Additionally, Cisco Systems as well as marketplace their products as well as services through getting the non-restrictive way. For example, Cisco Systems also does not consider one kind of application. Rather the corporation pays also close attention to the consumers, new plus future trends, as well as offers a variety of the options to every consumer. As the result of the Cisco organization's victorious marketing method, the corporation has as well become the foremost industry leader. Important networks also have been critical to the Cisco organization Inc. The world leader into networking for the Internet, Cisco offers the comprehensive line of the solutions for carrying information, sound, and television at double settings120 and has been regarded with a number of the strategic networks within its pursuit of the competitive success. The Cisco lately broadcasted that it was altering its organizational system. In history, the business’s system had three main business units’ venture, the service provider, as well as commercial. Also, in every chance, this would be the case, even though the development of the strategy in addition to system In Cisco would finally settle the topic. It should also be noted that from a financial statement, the investors, together with other stakehold ...

1. Running head: FINANCIAL STATEMENT INFORMATION
1
FINANCIAL STATEMENT INFORMATION 3
Financial Statement Information
Sonya Hatfield
South University Online
FIN 4060
Professor Clark
March 16, 2020
Cisco Systems Inc. and Dell Technologies Inc
The issues which cannot be obtained from the Cisco
Systems Inc. and Dell Technologies Inc. financial statements
are the actual market value of the firms, and whether fraudulent
activity took place within the business. The aforementioned
issues turn out to be of concern to any investor, as well as,
other stakeholders because on the side of the investors, and they
do not purchase stocks on the basis of a firm’s past financials.
Buyers do not purchase a firm’s interest simply because it had a
great year. The past cannot be the future; thus, intelligent
shareholder put their cash into the future. In that respect, they

2. have interests in a firm’s product research, backlog, future
revenue streams and other multiple things that indicate the
market value of a firm but cannot be derived from the financial
statement (AICPA, 2019).
These products as well as services offered through Cisco
organization, Inc is also efficiently commercialized. The Cisco
Systems was initially marketed throughout educational
innovations as well as has extended into the industry leader.
Cisco organization commercialized their products as well as
services in different means. For instance, Cisco Systems
provided conference companies when advertising their goods,
which advertised the company as active and engaged to their
consumer support. Additionally, Cisco Systems as well as
marketplace their products as well as services through getting
the non-restrictive way. For example, Cisco Systems also does
not consider one kind of application. Rather the corporation
pays also close attention to the consumers, new plus future
trends, as well as offers a variety of the options to every
consumer. As the result of the Cisco organization's victorious
marketing method, the corporation has as well become the
foremost industry leader.
Important networks also have been critical to the Cisco
organization Inc. The world leader into networking for the
Internet, Cisco offers the comprehensive line of the solutions
for carrying information, sound, and television at double
settings120 and has been regarded with a number of the
strategic networks within its pursuit of the competitive success.
The Cisco lately broadcasted that it was altering its
organizational system. In history, the business’s system had
three main business units’ venture, the service provider, as well
as commercial. Also, in every chance, this would be the case,
even though the development of the strategy in addition to
system In Cisco would finally settle the topic.
It should also be noted that from a financial statement, the
investors, together with other stakeholders, cannot establish as
to whether the firms were involved in fraudulent activities. In

3. order to unearth involvement in fraudulent activity, much effort
is required in looking at business practices, as well as,
procedures inclusive of routines and benchmarks.
At the early twenty-first century, Dell extended its line of
products to contain TVs, digital cameras, and the kind of the
computer-related products. Also, In year 2003 the company was
as well renamed Dell Inc. To indicate the change into the wider
consumer electronics industry. Then in 2016 the company, as
well as the finance firm, developed EMC, the American firm
that dedicated in information warehousing. This Union, valued
in roughly $ 60 billion, was the major technology trade in this
moment.
No investor or any stakeholder that has an interest in dealing
with a firm that is run by a treacherously management. In the
fiscal year ended February 1, 2019, Dell Technologies Inc.
made a net loss of $ 2.3 Billion, had total debts of $111.5
billion and an asset turnover of 0.78%. This implies that the
firm has to come up with vibrant marketing strategies and
introduce highly innovative products in order to scale up its
sales and thus increase its revenue. On the side of Cisco
Systems Inc. in the fiscal year ended 2019, reported net
profitability revenue of the U.S $51.9 billion, had total debts of
$24.6 billion and an asset turnover of 0.11%. This is an
indication that the firm is performing well financially.
Reference
AICPA. (2019). Codification of Statements on Auditing
Standards 2019: numbers 122 to 135. S.l.: John Wiley & Sons.
Running head: WEEK 3 PROJECT
1
WEEK 3 PROJECT 5

4. Statement of Cash Flows
Sonya Hatfield
South University Online
FIN 4060
Professor Clark
March 10, 2020
Statement of Cash Flows
Introduction
The week 3 project paper will analyze the statement of cash
flows for the chosen two companies of which are CISCO and
Dell Inc. the paper will also provide a summary of the course
project of up to this point shining light on what I have learned
about the two companies. The next task will be researching the
companies investing as well as financing activities and then
compare and contrast them regarding the types of goods and
services they offer. Finally, the paper will evaluate both the
investing as well as the financing strategies of both companies
and define its effectiveness.
Course project summary
The course project involved the selection of two companies that
are publicly traded and examine their financial statements, their
characteristics of operations and obligations to corporate
governance. Both the selected companies are tech giants in the
United States offering a range of tech goods and services such
as computers, software, hardware servers, smartphones among
other products and services. Both companies are well committed
to corporate governance and this is through the adoption of
guidelines that are intended to promote a high level of
performance as well as the provision of guidance of the affairs
of the organizations. Also, the course project identified and
analyzed the various financial statements including the income
statements as well as the balance sheets. According to the
financial statements analyzed for the year 2019, Dell Inc.

5. appeared to have done better than CISCO with a revenue of
$90.63 billion as compared to that of CISCO which was at $51.9
billion (DELL Technologies, 2020). The success of Dell Inc.
was mostly attributed to better managerial operations as well as
investments.
Investing Activities and Strategy
After researching the investing activities as well as strategies of
both companies, it was clear that their investment activities
were related to capital expenditures. Through capital
expenditures, the companies were able to invest back in the
businesses through the acquisitions of assets as well as
maintaining assets. Some of the capital expenditures of each
company were included in the balance sheet. In the first quarter
of 2019, CISCO spent $189 million on capital expenditure while
making several investments that raised over $150 million
according to the CISCO 2019 annual report (CISCO, 2019). On
the other hand, Dell Inc. had a capital expenditure of $ 537
million in the last quarter of the financial year 2019 (DELL
Technologies, 2020). Dell also had several investments in 2019
raising a profit of over $ 200 million in the last financial year
(DELL Technologies, 2020).
Both companies made several investments in terms of
acquisitions and mergers in the previous financial years. All
these investments made the companies a huge profit in each
respective financial year as they both applied customer-driven
strategies in expanding their customer base. The difference that
exists between the two companies is the number of capital
expenditures that the businesses are investing back in. CISCO is
one of the fastest-growing tech companies globally, however,
when compared to Dell which is already an established tech
giant, it is not doing as better as Dell. Thus, the profits of Dell
Inc. are much higher than those of CISCO both quarterly and
annually. In my opinion, CISCO investment activities and
strategies are not as profitable as those of Dell Inc.

6. Financing Activities and Strategies
The biggest financing activities and strategies of both
companies involved the dividends mostly paid to the various
stockholders as well as the net borrowings that the companies
utilize to finance the business. Dell paid a total of $11 billion
on dividends to its shareholders in the 2019 financial year with
a net borrowing of $14.4 billion at the end of the third quarter
of the 2019 financial year (DELL Technologies, 2020). On the
other hand, the major financial activities for CISCO the
payment of a debt of $6.98 billion to its shareholders (CISCO,
2019). The company also had a net borrowing of $5.5 billion at
the end of the third quarter of the 2019 financial year (CISCO,
2019). Both companies were able to pay off their dividends and
also debts through the various investments they had made and
also offering quality goods and services to customers to stay at
the top.
The companies shared investments as their major financial
activities of 2019. The ratio of debt to equity for both
companies was manageable leading to the businesses making
profits at the end of the year. The differences in the financial
activities and strategies for both companies are evident in their
investments whereby Dell invested heavily when compared to
CISCO (CISCO, 2019). Dell is investing in other companies
developing the same products through partnership to be at the
forefront of future technologies. Although the two companies
are very competitive, CISCO seems like it’s not putting extra
effort towards maximizing their profits as compared to Dell
Inc.
Conclusion
This paper thoroughly examined and analyzed both the investing
activities and financing activities for Dell and CISCO
companies. The analysis showed that the biggest activities in
terms of investments included capital expenditures as well as
investments. However, Dell invested more heavily than CISCO
and as a result, made more revenue when compared to CISCO.
The financing activities for both companies involved the

7. dividends paid to the shareholders and the net debt or borrowing
made by the businesses. Generally, Dell fared well in terms of
debt to equity ratio as compared to CISCO which had a lower
ratio of debt to equity.
References
CISCO. (2019). 2019 Annual Report; Defining the Future of
internet. CISCO. Retrieved from
https://www.cisco.com/c/dam/en_us/about/annual-report/cisco-
annual-report-2019.
DELL Technologies. (2020). Dell Technologies Reports Fiscal
Year 2020 Fourth Quarter and Full Year Financial Results.
PRNewswire. Retrieved from
https://www.prnewswire.com/news-releases/dell-technologies-
reports-fiscal-year-2020-fourth-quarter-and-full-year-financial-
results-301012817.html
Running head: WEEK 2 PROJECT 1
WEEK 2 PROJECT 5
Financial Statement Analysis
Sonya Hatfield

8. South University Online
FIN 4060
Professor Clark
Income statement is a key financial statement that reports on an
organizational profitability during a short time for any time
period. Investors needs to understand the income statement so
as they can analyze the profitability and the future growth of
any organization as this plays a bigger role in determining if
investments would be made or not (Easton, 2018). The tree
items from the income statement that are important to an
investor includes;
Sales; the sales of a given organization can be a determinant as
to whether an investor can be willing to invest in an
organization or not. For instance, the sales are a representative
of the total market share of an organization. Comparing the total
sales of a company with the previous years, you can get a total
representation of the company growth in total (Abernathy et al.
2017).
The second aspect is the gross profit margin. This is computed
by getting a percentage of the difference between the sales and
the operating expenses divided by the total sales. By computing
and analyzing the gross profit margin, once is able to determine
how the company is doing and the total revenue that it can
generate from its operating activities (Lauren and Watta 2019,
December).
The third aspect is the net profit margin. This can be computed
by the getting a percentage after dividing the net profit by the
total sales. Investors are keen in evaluating this aspect as it
helps in determining the revenue that is generated from the
capital that is being employed by the investor and the investors
uses it in determining if they have attained the intended return.
Dell technologies
Cisco systems

9. Sales
23841
$51904
Gross profit margin
29.81%
$62.94%
Net profit margin
20.21%
28.30%
This shows that Cisco Systems has higher sales as compared to
Dell technologies. Its gross profit margin is also higher net
profit is higher. This shows that between this two companies, an
investor would most likely choose Cisco Systems (Abernathy et
al. 2017).
The balance sheet is another aspect that may be taken into
consideration and some of the items that are very important and
should be taken into consideration by an investor includes;
Cash- cash is the major aspect that can be taken into account as
the organization which generates most cash means that they are
certainly doing a better job in satisfying their customers and the
y are getting paid. However, an organization that has too much
cash can raise worried whereas also having too little cash can
raise more red flags.
The other aspect that can be taken into consideration is the
current liabilities as this are the obligations that are due in a
year. Fundamental investors always choose the organizations
that has fewer liabilities than their assets especially when this is
compared against the cash flow. Investing in an organization
that may be having more debts that what they have may bring
about many suspicions and are certainly in trouble (Bogićević et
al. 2016).
Equity is equal to the assets minus the liabilities as this is a
representation of how much an organization have claims to.
Investors need to pay more attention in valuing the retained
earnings and paid in capital in this part. Paid in capital shows
the initial investments amount which has been paid by the

10. stockholders for their own advantages. Compare this to
additional paid in capital to show the equity premium
investment paid over par value. Retained earnings indicates the
amount or profit that the firm invested or reinvested to pay
down debts, rather than distributed to shareholders as dividends,
Dell technologies
Cisco Systems
Cash
9676
$11750
Current liabilities
$44972
$31712
equity
(942)
$33571
From the balance sheet, it’s clear that Cisco systems also has
more cash.
In comparing both the companies, it’s clear that both the
companies are close in terms of cash, but Cisco Systems has a
higher current liabilities as compared to that of Dell
technologies. Dell has less retained earnings as compared to
Cisco systems meaning the Cisco systems has more funds to
invest in further projects and research. Hence Cisco Systems is
more favorable when comparing the financial analysis and the
balance sheet as compared to that of Dell technologies (Lauren
and Watta 2019, December).
References
Abernathy, J. L., Beyer, B., Gross, A. D., & Rapley, E. T.
(2017). Income statement reporting discretion allowed by FIN
48: Interest and penalty expense classification. The Journal of
the American Taxation Association, 39(1), 45-66.
Lauren, P., & Watta, P. (2019, December). A Conversational

11. User Interface for Stock Analysis. In 2019 IEEE International
Conference on Big Data (Big Data) (pp. 5298-5305). IEEE.
Bogićević, J., Domanović, V., & Krstić, B. (2016). The role of
financial and non-financial performance indicators in enterprise
sustainability evaluation. Ekonomika, 62(3), 1-13.
Easton, M., & Sommers, Z. (2018). Financial Statement
Analysis & Valuation, 5e.
Running head: Financial Analysis of Cisco & Dell
1
Financial Analysis of Cisco & Dell
3
Financial Statement Analysis
Sonya Hatfield
South University Online
FIN 4060
Professor Clark
February 29, 2020
Cisco Systems Inc. and Dell Technologies Inc.
Question One
Cisco Systems Company is one of the biggest American
conglomerate tech company located in the San Jose as its
headquarters in California. The company deals specifically in
the development of the hardware, software and
telecommunication equipment which are used by many
companies in the world. Besides manufacturing the company
also sells those networking products to some of the tech giants
like Apple and even Microsoft. The company which was

12. founded back in 1984 has many severally ranked in the fortune
500 companies by the Forbes ranking (Fraser, Ormiston &
Fraser, 2010). In addition, the company reported a net revenue
of U.S $51.9 billion dollars in the financial year ended 2019.
According to the NYSE listing the company’s stocks are
showing resilient to the market forces.
Dell technology Inc. is also an American multinational company
which was formed as a result of the merger between the Dell
and EMC Corporation. The company which deals in the
manufacturing and assemblage of personal computers,
smartphones, servers and even computer software. The company
which is enlisted in the NYSE. Moreover, the company reported
a revenue of close to U.S $90.63 billion dollars in the financial
year ended 2019. According to the Forbes ranking in 2018, Dell
Technology Inc. was rank 35th out of 2000 in the fortune 500
companies. From this ranking it could be evidently argued that
the company was doing fairly well especially in the competitive
tech industry that has some of the giant multinational
conglomerates globally. In the same year Forbes ranking rank
Cisco Systems Inc. 2nd out of 10 in the most valuable and
rapidly growing brands in the global economy.
Question Two
Both companies have been very committed to the corporate
governance as evident by some of their key commitment. For
instance, both companies have singled out some key principles
like transparency, responsibility and accountability in all the
activities the companies does (King, Masumoto, Heller & Harp,
2011). Since through corporate governance is many companies
have been able to continually grow in all spheres of growth, it
follows that certain elements or key commitment must be at the
center of management of any company.
Question three
Some of the competitors of Dell technology Inc. include
companies like Apple Inc. and Microsoft all of which are giant
companies with a wide market base globally. Also, the

13. companies unlike Dell are using a different model of business
like internet retail combined with brick and mortar. The
similarities in all companies includes that they are all using
customer driven business strategy to expand their customer
base.
Reference
Daniel, M., Neves, R. F., & Horta, N. (2017). Company event
popularity for financial markets using Twitter and sentiment
analysis. Expert Systems with Applications, 71, 111-124.
Fraser, L. M., Ormiston, A., & Fraser, L. M.
(2010). Understanding financial statements. Pearson.
King, N., Masumoto, W., Heller, P., & Harp, M. (2011). U.S.
Patent No. 7,941,353. Washington, DC: U.S. Patent and
Trademark Office.