Question
In a 2-4 page paper, answer the questions below regarding merchandising businesses. Format your paper according to the question you are answering. Your responses should
In a 2-4 page paper, answer the questions below regarding merchandising businesses. Format your paper according to the question you are answering. Your responses should be complete sentences and be free of spelling, typing, and grammatical errors. Spelling, grammar, and formatting errors reduce the grade by one point each up to a maximum of 10 points.
1. Make a list of businesses that you frequently patronize.
2. Determine which of these businesses would be classified as merchandising concerns or retailers, and using the next item in the module - identify the type of retailer each business falls under.
3. Make a list of the types of items each of the retailers listed in Question 2 holds in inventory.
4. Select Target companies from #2 and locate that company's financial statements for the last two full years. Using the SEC 10k report, Item
8, Audited Financial Statements and the Notes to Financial Statements answer the following questions. Be sure to provide any and all formulas, calculation amounts, answers, and page number(s).
1. Calculate the gross profit margin. Be sure to show the calculation for Gross Profit if not stated on the statement.
2. Did the balance in the Merchandise Inventory account increase or decrease and by what percentage?
3. How are inventories stated/valued/accounted for?
4. Calculate average inventory.
5. Calculate the Inventory Turnover Ratio.
6. Calculate the number of days' sales in Inventory.
7. Calculate the profit margin. 8. Calculate the quality of earnings ratio.
5. Provide a link to the pdf of the SEC 10k report.
* show me (the formula, calculation, answer, and page #) for the above calculation.
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