Instructions: Each student has been assigned to a company. See the file titled Company Assignments to locate your assigned company. This is an individual project. For each company, I have posted the annual report. You will find the company assignments and annual reports under the Course Content tab, Week $15,$ Financial Statement Project $($the same place you found the document you are currently reading$).$

Make a copy of this file $($Financial Statement Project$)$ in your Google Drive and rename it in the following format: your last name your company name. For example, Anderson HomeDepot. You will then need to answer the $15$ questions in this document using the annual report provided for your assigned company. Type your answer under each question.

Once your project is complete, click on Share, type in Dawn Anderson, choose Can Comment by the down arrow, uncheck Notify People, and click OK$.$ Copy the link to your document and paste in the Create Submission section in the Financial Statement Project assignment in Blackboard.

The document link must be submitted through Blackboard by $11$:$59$ p$.$m$.$ on Friday, April $26.$ No late assignments will be accepted. This project is worth $45$ points and each question is worth $3$ points.

Your textbook and notes are great reference tools for this project. There are many sections included in an annual report; all of the questions for our project can be answered using Item $8$ Financial Statements and Supplementary Data. This is the section with the auditor$$s opinion, financial statements that will look similar to the ones in our textbook, and notes to the financial statements that provide useful information about the company$$s policies and procedures. Locate the Table of Contents or Index and look for the page number for Item $8.$ Make sure you are in the correct part of the annual report prior to answering any questions. Your answers should use the numbers from the financial statements and note disclosures.

The company I was assigned is Kohl's.

What is the nature of your company? What types of products do they sell or what types of services do they provide?

What is the most current fiscal year of your company covered in the financial statements? When does the fiscal year begin and when does it end?

What were the company$$s sales revenues for the current year? Did revenues increase or decrease from the prior year?

What is your company$$s gross margin $($also known as gross profit$)$ in the current year? This might be given or you might have to calculate it$.$

What is the amount of Current Assets in the current year? Which Current Asset is the largest?

What is the book value of the Property, Plant, and Equipment? Remember: Book value is cost minus

accumulated depreciation.

What types of Long$-$Term Liabilities does your company have?

Does your company have more than one class of stock? What are the classes of stock for your company?

Did Retained Earnings increase or decrease from the prior year?

Did the company issue any stock in the current year? Did your company borrow any money in the current year?

What depreciation method does your company use for Property, Plant, and Equipment?

Show and label calculations for Working Capital and Current Ratio for both the current year and the prior year. Has the company$$s liquidity measured by the amount of Working Capital and Current Ratio improved or declined compared to the prior year?

Does your company mention any contingent liabilities in the footnotes? If so$,$ what is the nature of the liability? Are any dollar amounts given regarding contingent liabilities?

What audit firm audited your company? What type of audit opinion did the auditors issue?

What is the company$$s Net Income for the current year? Did Net Income increase or decrease from the prior year?