Use EDGAR on www.sec.gov to select the most recent 10-K annual report for EITHER Thor Industries, Inc. or The Sherwin-Williams Company, and using the Word Document template below, answer the following questions.

Note that you can also find an enterprise’s 10-K annual report at their company’s web site in sections such as About Us and / or Investor Relations. Look for SEC and Annual Filings (you will often find drop down menus to click). You must research and secure the SEC 10-K Annual Report for the most recent year. Save the file to your computer for access. Do not print as the report is usually 100 pages or more.

Questions:

1. Using a diagram/flow-chart, outline the steps you took to find the SEC 10-K. 

2. Complete the following table below with the corresponding item and page number in the SEC-10K

Description	Item #	Page #
Business
Legal Proceedings
Mine Safety Disclosures
MD&A
Exhibits and Financial Statement Schedules
Controls and Procedures
Selected Financial Data
Properties

3. In your own words (not more than 120 words), provide a brief description of the corporation. Your response must include: (3 points)

• the type of company this is (e.g. manufacturing, retail, service-based)
• identify the company’s CIK number
• when the SEC 10-K was filed with the SEC
• the company’s trading symbol/s
• the title and value of each class of stock
• the location of its principal executive offices
• identify its accounting year in the U.S.
• how it accounts for inventory (i.e. whether it uses FIFO/LIFO/Average Cost, etc.)
• what the company’s product mix comprises. 

You may also incorporate a table summarizing your response(s).

4. What is the company’s main source of revenue? To what extent has this changed over the past 2 accounting periods, and what is the reason (if there is a change) for this? Your answer must be written in full sentences, and refer to the appropriate page number in the SEC 10-K. 

5.What is the company’s main source(s) of expense(s)? To what extent has this changed over the past 2 accounting periods, and what is the reason (if there is a change) for this? Your answer must be written in full sentences, and refer to the appropriate page number in the SEC 10-K.

6. Briefly describe what ‘contingencies’ affect the corporation. Your answer must define contingencies from an accounting perspective, where the company’s contingencies are reported in the SEC 10-K (including the page number), and how contingencies are quantified

7. In your own words and using appropriate ratio analysis (e.g. ratios that measure solvency and liquidity etc.) to support your answer, explain how COVID-19 has contributed or led to changes that have been necessary to ensure that sustainability of the enterprise in the U.S

8. Calculate the Cost of Goods Sold (COGS). 

9. Using the appropriate data analysis tool in Excel (e.g. chart or graph), prepare a comparison of ‘profitability’ of various U.S. product lines. Your answer must contain an explanation of how the company’s ‘profit’ has been calculated (or the page/s that you found the information in the SEC 10-K)

10. In not more than 120 words, what are your recommendations for sustaining existing product(s) lines based on cost analysis? 

11. In not more than 300 words, what are your recommendations for potential market opportunities?