Financial Reporting and Analysis财务报告和分析-sm_ch08.docVIP

Chapter 8 Profitability TO THE NET 1. a. Hershey Foods This information cannot be obtained from the 10-K of Hershey Foods. They incorporate this information by reference. “The audited consolidated financial statements of the corporation and its subsidiaries and the Report of Independent Public Accountants thereon, as required to be filed with this report, are set forth in item 8 of this report and are incorporated therein by reference to specific pages of the corporation’s Annual Report to Stockholders included as Appendix A to the Proxy statement and filed as Exhibit 13 hereto.” b. Same answer as (a) incorporated by reference. Note: Hershey Foods Corporation released a combined proxy statement and annual report. It was titled “Proxy Statement and 2001 Annual Report to Stockholders.” Using this document the answer to (a) is: $207,156,000 (2001) $334,543,000 (2000) $460,310,000 (1999) Using this document the answer to (b) is: $1.165 (2001) $1.08 (2000) $1.00 (1999) Using the SEC cite (), select DEF14A, filed March 15, 2002, “other definitive proxy statements.” The required information can be located with this proxy statement. 2. General Electric a. SIC 3600 – Electronic Other Electrical Equipment b. $14,128,000,000 (2001) $12,735,000,000 (2000) $10,717,000,000 (1999)  c. 1. Under Note 1 Accounting changes at January 1, 2001, GE and GECs adopted Statement of Financial Accounting Standards (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities, as amended. 2. The year 2001 has been reported using the new standard, while prior years have been reported using the prior standard. The net effect related to the prior years is reported in the year of change (2001). 3. a. Wal*Mart Fiscal January 31, 2002 Fiscal January 31, 2001 Net sales Cost of sales Gross profit $217,799 171,562 $ 46,237 $191,329 150,255 $41,074 b. K-Mart Year Ended* January 31, 2002 Year