Needles/Powers 2002e Financial and Managerial Accounting

Needles Accounting Resource Center

Financial & Managerial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College


	Toys'R'Us Annual Report Activities Chapter 1 The Four Basic Financial Statements Refer to the Toys "R" Us Annual Report to answer the questions below. Keep in mind that every company, while following basic principles, adapts financial statements and terminology to its own special needs. Therefore, the complexity of the financial statements and the terminology in the Toys "R" Us statements will sometimes differ from those in the text. 1. What names does Toys "R" Us give its four basic financial statements? (Note that the use of the word "Consolidated" in the names of the financial statements simply means that these statements combine those of several companies owned by Toys "R" Us.) Prove that the accounting equation works for Toys "R" Us on February 3, 2001, by finding the amounts for the following equation: Assets = Liabilities + Stockholders' Equity. What were the total revenues of Toys "R" Us for the year ended February 3, 2001? Was Toys "R" Us profitable in the year ended February 3, 2001? How much was net income in that year, and did it increase or decrease from the year ended January 29, 2000? Did the company's cash and cash equivalents increase from January 29, 2000 to February 3, 2001? By how much? In what two places in the statements can this number be found or computed? Either print out your answers for submission or email them to your instructor.





	ACE Practice Tests

	Chapter Summaries

	Check Figures

	Company Links

	Accounting Transaction Tutor

	Learning Objectives

	Ready Notes

	Business Readings

	Internet Research Activities

	Toys'R'Us Annual Report Activities

	Fingraph Financial Reporting and Analysis Cases Using CPAnalyst(r)



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