Go to www.jbhifi.com and find the consolidated income statement and consolidated balance sheet for JB Hi-Fi Ltd

Question:

Go to www.jbhifi.com and find the and consolidated for JB Hi-Fi Ltd in the latest annual report.
Required
Use these statements to answer the following questions.
a. What is meant by JB Hi-Fi Ltd 'consolidated' income statement?
b. What is the total value of each of the following items at the end of the current reporting year for JB Hi-Fi Ltd consolidated accounts? For each item classify as an asset, expense, revenue, equity or liability. Provide reasons for your classification.
c. The key statistical data is provided at the bottom of the income statement. For each item, summarise the change occurring between 2010 and 2011 and what this means for JB Hi-Fi Ltd.
d. What is the purpose of providing two years of comparative figures for the (i.e. 2010 and 2011)? How would this information be useful to one of JB Hi-Fi Ltd's shareholders? Financial Statements
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