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these questions are based off of 10-k forms for the year ended january 30,2021 for the companies target and walmart which can be found on
these questions are based off of 10-k forms for the year ended january 30,2021
What rules (standards) did the outside auditors follow when conducting their audit of the financial statements? What is the percentage increase in sales (or revenues) from Year 1 (2019) to Year 2 (2020) and from Year 2 (2020) to Year 3 (2021)? Based on this information, is the company growing? r Calculate the gross margin (profit) percentage (the ratio, not the amount) for Years 1, 2, and 3. Is the trend going in the right direction? Explain. er What is the company's largest expense for Year 3? Did you expect this to be the case? Why or why not? ver What is the amount of depreciation expense and amortization expense for Year 3? What rules (standards) did the outside auditors follow when conducting their audit of the financial statements? What is the percentage increase in sales (or revenues) from Year 1 (2019) to Year 2 (2020) and from Year 2 (2020) to Year 3 (2021)? Based on this information, is the company growing? r Calculate the gross margin (profit) percentage (the ratio, not the amount) for Years 1, 2, and 3. Is the trend going in the right direction? Explain. er What is the company's largest expense for Year 3? Did you expect this to be the case? Why or why not? ver What is the amount of depreciation expense and amortization expense for Year 3 for the companies target and walmart which can be found on the sec website
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