Question
Please help with this assignment as you did to the others Here is a link to H. J. Heinz Company's 2009 annual report. As you
Please help with this assignment as you did to the others Here is a link to H. J. Heinz Company's 2009 annual report.
As you review the annual report, draft answers to the following questions:
A. What are Heinz's business segments? Are Heinz's operating segments based on product/industry or geographic groupings?
B. Examine the segment-disclosure totals for revenues, profits and assets. Do they agree with the totals reported in the consolidated financial statements?
C. How significant is intersegment revenue? From this analysis, is Heinz primarily horizontally or vertically integrated or a conglomerate?
D. What geographical area provides most of Heinz's revenues? Would you consider Heinz a multinational corporation? Why or why not?
E. Qualitatively, do you consider Heinz's segmental reporting to be adequate? What additional information or details would you like to see disclosed regarding its segments?
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