what portion of current liabilities were ldquo unredeemed store value cards and gift 555510

Finding Financial Information – The following questions illustrate the types of information that you can find in the financial statements and accompanying notes. Required:

1. What items were included as noncurrent assets on the balance sheet?

2. How much land did the company own at the end of the most recent reporting year?

3. What portion of current liabilities were “Unredeemed store value cards and gift certificates” during the current year?

4. At what point were website sales recognized as revenue?

5. The company reported cash flows from operating activities of $302,193,000. However, its cash and cash equivalents increased by $357,281,000 for the year. Explain how that happened.

6. What was the highest stock price for the company during fiscal 2008? ( Note: Some companies will label a year that has a January year-end as having a fiscal year-end dated one year earlier. For example, a January 2009 year-end may be labeled as Fiscal 2008 since the year actually has more months that fall in the 2008 calendar year than in the 2009 calendar year.)

7. Calculate the company’s ROA for fiscal 2008 and 2007. Did it increase or decrease? How would you expect the change in ROA to be reflected in the company’s share price?