Microeconomics - ACG 2021 Summer 2011 COURSE PROJECT...

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ACG 2021 Summer 2011 COURSE PROJECT INSTRUCTIONS AND REQUIREMENTS Instructions: This project is a Group assignment. It is due on Monday, June, 22 2011 at 11am. You must bring a hard copy of the project to class on the day the project is due. The project should be type- written, 12 point font, and double space. You will need to refer to the consolidated financial statements of Foot Locker, Inc., that are presented in Appendix B at the end of your textbook, in order to complete each requirement of the project. The book only has the numbers for 2005- 2007. If you need numbers for other years, you can get them from the Foot Locker, Inc. Annual Reports, which are on the Foot Locker, Inc. website. You can find the information you need either by going to the Investor Relations web page www.footlocker-inc.com/investors.cfm?page=investor-relations or by going to www.sec.gov and downloading the company’s 10-k for the relevant year(s). Suppose you are an investor considering buying Foot Locker, Inc., common stock. The following questions are important. Show amounts in millions and round to the nearest $1 million. 1. Explain whether Foot Locker, Inc. had more sales revenue or collected more cash from customers during 2007. Why is accounts receivable missing from its balance sheet? 2. Investors are vitally interested in a company’s sales and profits, and its trends of sales and profits over time. Consider Foot Locker’s sales and net income (net loss) during the period from 2005 through 2007. Compute the percentage increase or decrease in net sales and also in net income (net loss) from 2005 to 2007. Which item grew faster during this two-year period, net sales or net income (net loss)? Can you offer a possible explanation for these changes?
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Microeconomics - ACG 2021 Summer 2011 COURSE PROJECT...

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