Analyzing Financial Reports Chapter 16

1. The store sales increased over the prior year. The reasons for this change was that they built new stores.
2. An analysis of sales would be important to people reading an annual report because it would show them how well the company did over the past year.



"PetSmart opens, ALDI continues construction." Central Michigan Life. N.p., n.d. Web. 17 Mar. 2014. <http://www.cm-life.com/2012/09/06/petsmart-holds-grand-opening-saturday-aldi-continues-construction/>.