Instructions (Problem TIF 5-2-Warren, Reeve & Duchac 14E)

The team must select a public company that interests you. Obtain the company's most recent annual report or Form 10-K. The Form 10-K is a company's annually required filing with the Securities Exchange Commission (SEC). It includes the company's financial statements and accompanying notes. The Form 10-K can be obtained from (A) from the investor relations section of the company's Web site or (B) by using the company search feature of the SEC's EDGAR database. (Links to an external site.)

Based on the information in the company's most recent annual report, determine each of the following for all of the years presented:

1. Gross Profit
2. Gross Profit rate (Gross profit divided by Sales)
3. Income from Operations
4. Net Income

As a group use the above information to discuss the company's performance, for example, has the company performance improved, remained constant, or deteriorated over the periods presented. Explain your answer (1000 - 1200 words)

(Doesnt have to fit the word count, just please do as much as you can)