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  • Access The 2010 Annual Report For Safeway Inc by Clicking

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    The document provides instructions for analyzing Safeway Inc.'s 2010 annual report, including examining the income statement and balance sheet, inventory notes, LIFO reserve, inventory turnover and days in inventory ratios. Students are asked to determine the inventory costing methods used, inventory count frequency, if the lower-of-cost-or-market rule is followed, deferred taxes, and write a paragraph analyzing Safeway's inventory position based on the findings.

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    Access the 2010 Annual Report for Safeway Inc by Clicking

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    The document provides instructions for analyzing Safeway Inc.'s 2010 annual report, including examining the income statement and balance sheet, inventory notes, LIFO reserve, inventory turnover and days in inventory ratios. Students are asked to determine the inventory costing methods used, inventory count frequency, if the lower-of-cost-or-market rule is followed, deferred taxes, and write a paragraph analyzing Safeway's inventory position based on the findings.

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    © All Rights Reserved
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    7 views1 page

    Access The 2010 Annual Report For Safeway Inc by Clicking

    Uploaded by

    hassan taimour
    The document provides instructions for analyzing Safeway Inc.'s 2010 annual report, including examining the income statement and balance sheet, inventory notes, LIFO reserve, inventory turnover and days in inventory ratios. Students are asked to determine the inventory costing methods used, inventory count frequency, if the lower-of-cost-or-market rule is followed, deferred taxes, and write a paragraph analyzing Safeway's inventory position based on the findings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Access the 2010 annual report for Safeway Inc by clicking

    #713
    Access the 2010 annual report for Safeway Inc. by clicking on the Investors and Financial
    Reports links at www.safeway.com.Requireda. Examine the company's income statement and
    balance sheet and conduct horizontal and vertical analyses of the company's cost of goods sold
    and inventory balances. Round percentages to one decimal point (i.e., 4.8%).b. Examine the
    company's merchandise inventories note to its financial statements. What inventory costing
    method(s) does the company use to account for its inventory? How often does the company
    take a physical count of its inventory? Does the company follow the lower-of-cost-or-market
    rule?c. Using the LIFO reserve disclosed on the balance sheet and assuming a 35% marginal
    income tax rate, determine how much in taxes the company has deferred at the end of 2010.d.
    Calculate the inventory turnover and days in inventory ratios for 2010.e. Based on your answers
    above, write a paragraph explaining your opinion of Safeway's inventory position. Use your
    answers as supporting facts.View Solution:
    Access the 2010 annual report for Safeway Inc by clicking

    ANSWER
    http://paperinstant.com/downloads/access-the-2010-annual-report-for-safeway-inc-by-clicking/

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