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Getting Comfortable with Annual Reports (25 pts.) Instructions: Use the SEC's EDGAR system to locate the 2019 annual report (10-K) for Best Buy Co. (Ticker:
Getting Comfortable with Annual Reports (25 pts.) Instructions: Use the SEC's EDGAR system to locate the 2019 annual report (10-K) for Best Buy Co. (Ticker: BBY). Provide brief answers to each of the following 13 questions, citing the page number(s) of the annual report that supports your answer. Submit typed solutions as a PDF file with the filename "Last Name, First Name - Isidore Assignment 03" through Isidore. 1) How many stores did Best Buy have operating at the end of the year? (2 pts.) 2) How many employees were employed by Best Buy at the end of the year? (2 pts.) 3) What are two sources of pressure for Best Buy to maintain competitive prices? (2 pts.) 4) Which quarter of the year is most important to Best Buy, and why? (2 pts.) 5) Who is Best Buy's CFO and where did (s)he work before Best Buy? (2 pts.) 6) Is Best Buy making efforts in sustainability? How do you know? (2 pts.) 7) What are Best Buy's 6 main revenue categories? (2 pts.) 8) Do Best Buy's online-only competitors have a unique advantage to avoid paying sales taxes? How do you know? (2 pts.) 9) Who is Best Buy's independent auditor and what opinion did they express over Best Buy's financial statements? (2 pts.) 10) What are Best Buy's two largest assets? Based on their business, does it make sense for these to be the largest assets? (2 pts.) 11) Did Best Buy earn more revenue this year or last year? Did Best Buy have higher net income this year or last year? What revenue or expense was responsible for the difference in net income between the two years? (2 pts.) 12) Are Best Buy's operations cash flow positive? (2 pts.) 13) Describe one additional thing you learned about Best Buy during this assignment that you didn't realize you could find out by reading the annual report (1 pt.)
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