Access the 2010 annual report for WD-40 Company by clicking on the Investors and Financial Reports links at www.wd40company.com.
Required
a. Conduct horizontal and vertical analyses of WD-40 Company's cash balance. Round percentages to one decimal point (i.e., 9.4%).
b. Examine the company's statement of cash flows and determine the major ways in which the company has been using its cash in the past three years.
c. Examine the Report of Independent Registered Public Accounting Firm and locate PricewaterhouseCoopers' opinion of WD-40 Company's internal control over financial reporting.
d. Based on your answers above, write a paragraph explaining your opinion of WD-40 Company's cash position. Use your answers as supporting facts.