Instructions (Problem TIF 5-2-Warren, Reeve \& Duchac 14E) Students must select a public company that interests you. Please note that the corporation must be a retailer. Chapter 5 is all about merchandise operations. Therefore, this assignment requires students to select a public corporation that is a retail/merchandise company. As we learned from chapter 1 , companies such as Apple may have retail stores, but Apple is a service organization. For this assignment, the corporation must be listed as a retailer. Once you have decided on a retail organization, obtain the company's most recent annual report or Form 10-K. The Form 10-K is a company's annually required filing with the Securities Exchange Commission (SEC). It includes the company's financial statements and accompanying notes. The Form 10-K can be obtained from: (A) from the investor relations section of the company's Web site or (B) by using the company search feature of the SEC's EDGAR database. For option A, google the company. Once at the company's website, search for investor relations, and locate the Form 10- K and/or Annual Report. Assignment Once the annual report is located, please do the following: 1. Indicate the name of the company that you plan to report on. 2. Indicate the time period covered by the annual report. 3. Based on the information in the company's most recent annual report, determine each of the following for all of the years presented: - Gross Profit - Gross Profit rate (Gross profit divided by Sales) - Income from Operations - Net Income - Use the above information to discuss the company's performance, for example, has the company performance improved, remained constant, or deteriorated over the periods presented. Briefly explain your answer. Instructions (Problem TIF 5-2-Warren, Reeve \& Duchac 14E) Students must select a public company that interests you. Please note that the corporation must be a retailer. Chapter 5 is all about merchandise operations. Therefore, this assignment requires students to select a public corporation that is a retail/merchandise company. As we learned from chapter 1 , companies such as Apple may have retail stores, but Apple is a service organization. For this assignment, the corporation must be listed as a retailer. Once you have decided on a retail organization, obtain the company's most recent annual report or Form 10-K. The Form 10-K is a company's annually required filing with the Securities Exchange Commission (SEC). It includes the company's financial statements and accompanying notes. The Form 10-K can be obtained from: (A) from the investor relations section of the company's Web site or (B) by using the company search feature of the SEC's EDGAR database. For option A, google the company. Once at the company's website, search for investor relations, and locate the Form 10- K and/or Annual Report. Assignment Once the annual report is located, please do the following: 1. Indicate the name of the company that you plan to report on. 2. Indicate the time period covered by the annual report. 3. Based on the information in the company's most recent annual report, determine each of the following for all of the years presented: - Gross Profit - Gross Profit rate (Gross profit divided by Sales) - Income from Operations - Net Income - Use the above information to discuss the company's performance, for example, has the company performance improved, remained constant, or deteriorated over the periods presented. Briefly explain your