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Lifo fifo weighted average related information can be

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Unformatted text preview: the inventory costing method this company uses? (LIFO? FIFO? Weighted average?) Related information can be found in “Notes to Consolidated Financial Statements” under Item 8. The method is usually stated in “Note 1—Summary of Significant Accounting Policies.” 8. What is the depreciation method this company uses? Same as question 7. Look for “Property, Plant, and Equipment” in the Note. 9. Comment on the company’s profitability. Was the company’s 2008 overall profitability improved or deteriorated compared to 2007? Summarize the ratios you calculated in the table for profitability. Provide an “overall” discussion about the company’s profitability performance. 10. Comment on the company’s short-term liquidity. Was the company’s 2008 short-term liquidity improved or deteriorated compared to 2007? Summarize the ratios you calculated in the table for short-term liquidity. Provide an “overall” discussion about the company’s profitability performance. SAMPLE Appendix (Printout of financial statement) CONSOLIDATED BALANCE SHEETS (In millions, except share amounts) September 27, 2008 September 29, 2007 $ $ ASSETS: Current assets: Cash and cash equivalents Short-term investments Accounts receivable, less allowances of $47 in each period Inventories Deferred tax assets Other current assets Total current assets Property, plant, and equipment, net Goodwill Acquired intangible assets, net Other assets 11,875 12,615 2,422 509 1,447 5,822 34,690 2,455 207 285 1,935 Total assets 9,352 6,034 1,637 346 782 3,805 21,956 1,832 38 299 1,222 $ 39,572 $ 25,347 $ 5...
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This document was uploaded on 02/04/2014.

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