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Jcpeney 2013 Annual Report

1091 Words5 Pages

This is the first of four worksheets that helps you to transition from theoretical aspects of business foundations to the financial foundation of business. Initially it may feel like you are traveling in uncharted territory. Fear not, as each of the Worksheets C, D, E, and F builds off the others. This is the introductory aspect of consolidated financial statements. Here, you will identify the different financial statements, what information each financial statement provides management, investors, and whoever is reviewing the statement, and insight on why this information is essential for making decisions internally within a firm and whether or not external parties may want to invest. Answer the following questions: 1. How can management information, such as financial statements, help management and investors make more informed decisions? Are there any risks associated with the compilation and analysis of information, for example, accuracy or relevance? How can such risks be minimized? Management information can serve as a method of communicating on how well the company is doing to inside workers such as management as well as outside workers such as banks and investors (Hell, n.d). The financial statements are the accounting reports of the company that states the financial …show more content…

The best year was 2010 followed by 2011. The worst year JC Penney had was 2012, when net sales decreased by 25.7%. () That year total in a net lose of $958 million, which was the biggest net loss compared to 2011 net loss of $152 million and 2010’s net income of $378 million.() The information tells the person reviewing the information that JC Penney in 2012 was having a hard time profiting from sales compared to previous years in the report. It also tells investors whether the company is worth the

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