This SEC filing project is designed to aid you in understanding the content of published financial statements and to observe good accounting documentation and terminology. The entire project will be completed in 3 steps throughout the semester. Each part will have its own grade, required peer evaluation, and regular Required Discussion posts. Each Step has a grading rubric - be sure to review prior to submitting final reports.

You will find most of the data in Halen of Troy SEC 10K 2022. Please use only the audited Financial Statements for the project. You can refer to the "Notes" for additional details.

*The report format should be organized by section, question, a complete answer and include the 10K page number where you found your information. If your page number provided does not contain the referenced information, it will be graded as 0 or incorrect.

Income (Operations or Profit) Statement: (8 points)

1. In the body of the statement or in the Notes, are Credit Sales reported separately from total revenue? If so, what is the amount of credit sales in the most recent year?
2. How are revenues recognized?
3. Perform vertical analysis for the most recent year.