Obtain the most recent annual report for JC Penney find reports via the internet.

1. List the total dollar value of the inventory for 2 years on balance sheet presented in the annual report.

2. Compute the percentage of inventories to total assets for 2 years of your annual reports balance sheets and assess the results.

c. List the Cost of Goods Sold and the Gross Profit for your company for 2 years in income statement appearing in the annual report.

i. Calculate the percentage of Cost of Goods Sold to Net Sales and the percentage of Gross Profit to Net Sales for 2 periods and assess the results

d. Analyze/assess/discuss your findings.