Use Foot Locker, Inc.’s 2013 Annual Report to answer the following questions. You can locate Foot Locker’s financial statements on its Web site or the Securities and Exchange Commission’s Web site of company reports.
a. What sections are included in the annual report?
b. In the letter to the shareholders, the chairman, president, and chief executive officer discusses 2013 results. What financial statements and financial statement items do they highlight?
c. How many directors are on Foot Locker, Inc.’s Board of Directors?
d. On the pages 9 and 10 of the annual report, Foot Locker’s management discusses elements of “Strengths.” What financial statement line items and performance indicators does Foot Locker discuss?
e. From the Management’s Discussion and Analysis starting on the page numbered 18 of Foot Locker’s 10- K in its Annual Report, Foot Locker provides an “Overview of Consolidated Results.” What are the main income statement numbers highlighted?
f. From the Management’s Discussion and Analysis starting on the page numbered 24 of Foot Locker’s 10- K in its Annual Report, Foot Locker discusses “Liquidity and Financial Resources.” What are Foot Locker’s primary sources of liquidity? What are Foot Locker’s primary uses of cash?
g. What accounting firm performed Foot Locker’s independent audit? What type of opinion did Foot Locker receive?
h. How many notes accompany Foot Locker’s financial statements? Does Foot Locker report any subsequent events? Does Foot Locker report any related parties or related- party transactions?