Using the most current annual report available on the company’s website, answer the following questions about the J. M. Smucker Company.
Required
a. Instead of “Cash,” the company’s balance sheet uses the account name “Cash and cash equivalents.” How does the company define cash equivalents?
b. The annual report has two reports in which management clearly acknowledges its responsibility for the company’s financial reporting and internal controls. What are the names of these reports and on what pages are they located?