Reference no: EM133119616
Need Information on JW Norstrom
What's a Press Release?
Generally, companies that are publicly owned publish financial results each quarter in the form of a news release sometimes referred to as an "earnings release". Typically, the release contains a few pages of text describing financial results of business operations during the quarter and financial statements are attached.
You Need an Earnings Release
Companies will issue press releases for a variety of purposes, including the announcement of a new product, a new location, a newly hired executive, or monthly sales reports. While all of these are press releases, none of them is the particular type of press release called an earnings release, which is what you need. It may be called by a different name; the title of it may refer to earnings, profits, results of operations, or financial results.
I need help finding the press release for Nordstrom and answering the following questions:
This question relates to financial statements that may be attached to your press release.
Concerning your company's balance sheet:
- Is there a balance sheet attached to the press release?
- If so, do the words "balance sheet" appear in the title of the balance sheet? If not, what does the company call it?
- If your answer to ii above is "no", how were you able to recognize the balance sheet? If your answer to ii is "yes", you do not need to answer this part iii.
Concerning your company's income statement:
- Is there an income statement attached to the press release?
- If so, do the words "income statement" appear in the title of the income statement? If not, what does the company call it?
- If your answer to ii above is "no", how were you able to recognize the income statement? If your answer to ii is "yes", you do not need to answer this part iii.
- Are the financial statements for your company precise to the dollar? Comment briefly. Hint: begin at the top of the income statement (which is the name of the company) and begin reading down slowly and carefully and you will find the answer. Students frequently answer this question incorrectly. Follow my hint and look carefully. This should be an easy one.
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