WHAT I’VE CHOSEN FOR MY SEC 10K:
Ross Stores; NASDAQ: ROST
I am choosing Ross Stores because I shop here frequently and looking into their financials should be interesting. I know that among their competition, Marshall’s and TJ Maxx they still post some strong sales.
Ross Stores is ranked at 209
Income Statement-Page 31
Balance Sheet-Page 33
Statement of Stockholder’s Equity- Page 34
Statement of Cash Flows- Page 35
PLEASE DO THE FOLLOWING:
WHAT TO DO – INSTRUCTIONS BELOW:
Read the SEC 10-K for your company to answer the questions below.
Category: Revenue and Net Income
· What were the corporation’s net sales, cost of goods sold, and gross profit?
· What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the Federal Statutory rate and a reconciliation to the actual tax rate of the company each year.
· Read the Statement of Comprehensive Income. Notice the first line is the Net Income from the Income Statement. Accumulated Other Comprehensive Net Income (or net loss) is an item in the Statement of Owners’ Equity Section and in the Balance Sheet. Post the value from the Balance Sheet and comment on whether this item is increasing or decreasing (take care with the concept of change and net income or net loss).
· What items appear under Other Comprehensive Income (Loss)?
· What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income?
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