https://www.sec.gov/Archives/edgar/data/320193/000032019317000070/a10-k20179302017.htm

1. Answer all of the following questions and do NOT cut and paste from your company SEC report. Note 1 includes accounting information. What is the scal year for your SEC lO-K Company? This may be June 30 each year, or it may be the Sunday closest to the last day of January, or some other description. -Inventory: How is Inventory described for your SEC lO-K company? LIFO, FIFO, and/or average cost? Relate your answer to topics in our course. -Income Statement: Is it a single-step or multi-step income statement? - Calculate the Gross Prot and the Gross Prot Percentage for this year and last year, creating a small table, such as the followin : II _mm _nm _tln -3- In the example above, sales decreased, gross prot increased, and the gross prot percentage increased. Therefore, sales are more protable. We made 33 cents of gross prot on every dollar of sales this year, but only 14 cents of gross prot on every dollar of sales last year. Sales decreased, but sales are actually generating more prot overall, both as an absolute dollar value and as a percentage. 2. Your description may be different, but these are comments you might make for this posting and in your SEC lO-K paper and project