Part III. As general background, read the Financial Highlights, the letter addressed To Our Stockholders and Managements Discussion Results of Operations and Financial Condition.

The answers to the previous question 1-3 can be found in the following:

https://www.chegg.com/homework-help/questions-and-answers/3-assume-dramatic-changes-international-business-environment-prepare-estimate-toys-r-us-s--q26323277

https://www.chegg.com/homework-help/questions-and-answers/part-iii-general-background-read-financial-highlights-letter-addressed-stockholders-manage-q26323273

With all the following information, answer questions 4 and 5.

4. Starting with your estimate of net sales for fiscal 1995, estimate the range of net income which you expect the company to earn. Again, explain fully the reasoning behind your estimate.

5. At the end of 1994, the market price of the companys capital stock was approximately $29 per share. Assume that net sales and net income both increase to amounts right in the middle of your estimated ranges. Does this mean that the market price of the companys capital stock will increase during 1995? Explain.

No need to answer questions 1-3. Just answer questions 4-5.

ANNUAL REPORT OF TOYS "R" US Intended for Uise after Chapter 8. In this appendix we present the 1995 annual report of Toys "R" Us, a publicly held corporation. This report was selected to illustrate many of the financial reporting concepts discussed in this textbook. But not all of the terminology and accounting policies appearing in this report are consistent with our text discussions. This illustrates some of the diversity that exists in financial reporting. TOSUs ANNUAL REPORT YEAR END ED JANUARY 28. 1 99s