Please access the pdf file with the annual report for J.M. Smuckers. Theres a link at the end of the file introducing this project in this weeks activities. This report, which is distributed annually to the companys shareholders, includes not only the 4 financial statements that you have studied but the footnotes and auditors reports as well.

2. Compute Smuckers 2012 and 2013 profit margins. Was 2013 an improvement over 2012?