The January 27, 2011, edition of the New York Times contains an article by Richard Sandomir entitled
Question:
The January 27, 2011, edition of the New York Times contains an article by Richard Sandomir entitled “N.F.L. Finances, as Seen through Packers’ Records.” The article discusses the fact that the Green Bay Packers are the only NFL team that publicly publishes its annual report.
Instructions
Read the article and answer the following questions.
(a) Why are the Green Bay Packers the only professional football team to publish and distribute an annual report?
(b) Why is the football players’ labor union particularly interested in the Packers’ annual report?
(c) In addition to the players’ labor union, what other outside party might be interested in the annual report?
(d) Even though the Packers’ revenue increased in recent years, the company’s operating profit fell significantly. How does the article explain this decline?
Step by Step Answer:
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso