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In order to answer the questions below, you will need to locate Smucker's Income Statement, Balance Sheet and Statement of Cash Flows in the annual
In order to answer the questions below, you will need to locate Smucker's Income Statement, Balance Sheet and Statement of Cash Flows in the annual report. Since Smucker's owns many subsidiaries, these reports will have the term "Consolidated" in the title to signify that the operations of the subsidiaries have been added into the statements. Round answers (both numbers and percents) to 1 decimal place. (Example: 5.9 or 12.3%) 1. 2. 3. 4. What are the dates of Smucker's fiscal year? (Hint: you can determine this by looking at the financial statements.) May 1st- April 30th Using horizontal analysis, compute Smucker's percentage change in net sales from 2018 to 2019. Was this a positive or negative trend compared to the prior year's percentage change in net sales? (Hint: you will also need to compute the percentage change in net sales from 2017 to 2018 to determine if the trend is positive or negative.) What was Smucker's 2019 profit margin? Was this an improvement over the company's 2018 profit margin? What wa
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