## Expanded Analysis of Ligand Pharmaceuticals (NASDAQ:LGND)

September 30, 2010 Leave a comment

Perform an expanded analysis on the financial statements of **Ligand Pharmaceuticals**. Please use the most current financial statements available on www.sec.gov. Perform horizontal and vertical analysis, selected liquidity, profitability, and solvency ratios, and other selected financial ratios. A one page executive summary outlining the basic financial health of the company and a brief opinion of the company’s forecasted financial health will be required with the calculations attached as appendices **in Excel** with formulas.

The executive summary should answer the question of whether your company is financial healthy and is poised to remain in business as a going concern. You should attach your calculations in an appendix to your executive summary and **refer to your appendices in your executive summary**. Your appendices are made up of the **spreadsheets and word docs **used to build your overall analysis.

Each appendix is a spreadsheet or a word doc with your analysis calculations. If you are able to obtain your ratios from a financial website or the Lexis‐Nexis data base, then you may copy and paste them to a word doc rather than showing the calculations on a spreadsheet. Make sure you provide appropriate citations.

The first appendix will be your horizontal and vertical analysis of the balance sheet and the income statement for 3 years.

The second appendix will be at least 8 ratios of your choice. These ratios may be liquidity, solvency, profitability, activity or market ratios. You must explain why you chose the ratios.

The third appendix will be an analysis of the creditworthiness of your company. You may choose the **Beaver univariate model** or the Altman Z score.

The final appendix will be a summary of at least four items you found in the management discussion and analysis section or the notes to the financial statements that you believe will add credibility to your report. You may also include graphs and charts if you wish.

**Answer available.**

**Price of Answer**: Just US$45 only

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