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TYSON FOODS Go to the Table of Contents for the companys 10-K. Go to Item 7 Managements Discussion and Analysis of Financial Condition and Results

TYSON FOODS

Go to the Table of Contents for the companys 10-K. Go to Item 7 Managements Discussion and Analysis of Financial Condition and Results of Operations. This might take you to a new Table of Contents for Item 7. Notice where the Consolidated Financial Statements begin and that the Disclosure Notes immediately follow. Do the following tasks and answer the following questions.

1. Go to the Consolidated Statement of Income. For the most recent year, what is cost of sales? Selling, general and administrative expense? Operating Profit?

2. Go to Note 1. What is included in cost of sales? What line item includes costs of moving, storing and delivering finished product?

3. Go to the Consolidated Balance Sheet. For the most recent year, what is Net Accounts and Notes Receivable?

4. Find where the company provides information on revenue recognition. This is usually Note 2 but may also be listed separately before the Consolidated Financial Statements, or it may be listed both places. What methods does the company use to estimate bad debts? What line item includes bad debts expense?

5. Go to the Consolidated Balance Sheet. For the most recent year, what is the amount of Inventories?

6. Find where the company provides additional information about Inventories. Usually Inventories information (and/or information about where else they provide Inventories information) will be provided as part of a list of Other Significant Accounting Policies near the end of the Note on Significant Accounting Policies (usually Note 2). How are Inventories valued? How is the cost of Inventories determined?

7. Using the same directions in number 6 above, find the supplemental data on Inventories. List the three types of Inventory and the amount for each Inventory for the most recent year.

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