In addition to financial results, most annual reports contain managements analysis and interpretation of the financial data.
Question:
In addition to financial results, most annual reports contain management’s analysis and interpretation of the financial data. For example if revenue has increased, the report might provide reasons for the increase and projections for the next fiscal period.
INSTRUCTIONS
Use the Fiscal 2003 Compared to Fiscal 2002 section of PETsMART’s annual report in Appendix F to answer these questions.
1. Did store sales increase or decrease over the prior year? What reasons are given for this change?
2. Why would an analysis of sales be important to people reading an annual report?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Price Price has a big influence on sales In essence a high price can maximize sho...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
