Chapter 6, Problem 6.8P

Contents of the Annual Report, Financial Statement Notes. Use the 2015 Annual Report. 10–K. of Foot Locker Inc., to answer the following questions. You can locate Foot Locker's financial statements on its Web site or the Securities and Exchange Commission s Web site of company reports

1. a. What sections are included in the 10−K?
2. b. From Item 1, Business how does management describe Foot Locker, Inc.’s business?
3. c. From Item 6, Selected Financial Data, how many years of information does Foot Locker provide? What are the four main areas for which Foot Locker provides data?
4. d. From Item 7, Management's Discussion and Analysis, Foot Locker provides an ‘Overview of Consolidated Results.’ What are the main income statement numbers highlighted?
5. e. From the Management's Discussion and Analysis starting on the page numbered 24 of Foot Locker's 10–K in its Annual Report Foot Locker discusses “Liquidity and Capital Resources”. What are Foot Locker's primary sources of liquidity? What are Foot Locker's primary uses of cash?
6. f. What accounting firm performed Foot Locker’s independent audit? What type of opinion did Foot Locker receive?
7. g. How many notes accompany Foot Locker's financial statements? Does Foot Locker report any subsequent events? Does Foot Locker report any related parties or related- party transactions?