Go to Deckers Outdoor Corporations latest annual report information on its Web site. Deckers Outdoor Corporation is
Question:
Answer the following questions about Deckers:
1. What percentage of revenues does Teva represent? Have revenues related to Teva products increased or decreased over the past few years?
2. Read the Summary of Significant Accounting Policies section of the Notes to Consolidated Financial Statements. How are inventories valued and accounted for? Why do you think the company uses this particular costing method?
3. Locate the income statement. How much gross profit is reported for the most recent year? What is the gross profit percentage? Have these amounts increased or decreased compared with the previous year? What explanation does management give for the changes?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Question Posted: