Accounting Essay Example | Topics and Well Written Essays - 500 words - 21

Accounting - Essay Example From the annual report 2011 of the Toyota, it is clear that company attained $214,318 million in sales of products. The net income of the company for the financial year 2011 is $4,909 million. When the company’s net income per share is $1.57, its cash dividends per share is $0.60. In addition, Toyota’s total current assets stand at $142,270 while total current liabilities represent the figure $129,778. The annual report 2011 indicates that the company’s total assets or total liabilities are $358,607 million. Finally, the consolidated balance sheet also shows that the total shareholder’s equity of Toyota for the year 2011 is $131,329 (Toyota, 2011). While assessing the management discussion and analysis section of the annual report, it is clear that the company management greatly emphasizes on automotive operations as this segment accounts for 89% of the Toyota’s total revenues. The report specifically states that Japan and North American are the potential market segments for the company on the basis of vehicle unit sales for the fiscal year 2011. The general tone of the management’s comments indicates that the firm would have attained much more profitability if its operations had not been affected by the Great East Japan Earthquake (Toyota, 2011). The company’s vehicle unit sales declined in its major markets including Japan and North America. However, Toyota could achieve notable improvements in Asia and other market segments as compared to the previous year. This trend indicates that Asia is developing as a potential market segment for Toyota while the company is gradually losing its roots in North Ameri ca. However, the overall vehicle unit sales have been increased from 72, 37,000 in 2010 to 73, 08,000 in 2011 despite the adverse impacts of the earthquake (Toyota, 2011). In total, the fiscal 2011 was good year for the company. The discussion summary shows that the