2210 PROJECT EC - WCNet



Acct 2210 Zeigler: Lowes, Inc. Group Project Extra Credit (Due Thurs, 4/16)

Your client has some optional questions for your consideration. Fifteen (15) points of extra credit is available for complete answers to the following four Group Project related questions.

Requirements: 3 pts each or 15 points for complete & correct answers to all four questions

a) Your project must be submitted by the due date and your cover sheet must indicate “Extra Credit”.

b) A minimum original score of 80% (80/100) must be earned to be eligible for this EC.

c) Print and attach your EC response to the very end of your stapled project packet.

d) All elements of each question must be addressed to earn any extra credit for that question.

Instructions: Copy and paste the questions below into MS Word, add spacing as needed, and respond electronically (no handwritten work will be accepted).

Question #1:

1a) Per our Class Website EDGAR search link, what is the 4-digit “SIC” for Lowes? What does “SIC” stand for and what specific category does the company operate within?

1b) After clicking on the SIC code, how many competitor companies are listed in the same category as Lowes? Further, list two specific competitors within this SIC Code and their respective State of Domicile (i.e. where each company is headquartered).

Question #2:

2a) Based upon your own research, what is SEC Form “8-K” used for?

2b) What was the February 4, 2015 Lowes, Inc. Form 8-K posting on the EDGAR database all about? What information was provided in this filing and who signed the document? What is their title? Summarize these findings within two full paragraphs.

Question #3 (EDGAR Search *not* related to Lowes):

Use the SEC EDGAR link (per our class website) and find the drop-down menu for SEC “Enforcement”. Choose the “Accounting and Auditing” link. You will find a February 24, 2015 entry (AAER-3640) referencing The Goodyear Tire & Rubber Company.

Read the “release” and address the following:

3a) Per the page 2 “Summary”, what was the nature of the SEC’s enforcement action? Describe, in your own words, what happened in this case.

3b) According to item #11 of the release (focus on Kenya) what did Goodyear fail to do?

3c) According to item #15 of the release (focus on Angola), what did Goodyear fail to do?

3d) What “remedial efforts” has Goodyear agreed to and what “new senior position” has Goodyear created to address the problems? Do these efforts support our Chp 6 discussion?

3e) What is the total fine to be paid by Goodyear to end this litigation? Who will this be paid to?

Question #4: (Use “Yahoo Finance” at to complete this question)

4a) After determining the Lowes “ticker” symbol, what is the April 8th, 2015 closing stock price?

4b) What has been the stock-price “trading range” over the past 52 weeks (i.e. year) for Lowes? Is the stock price trending up or down? Review any available graphs to support your analysis.

4c) Does Lowes pay a dividend? If so, what is the current annual dividend per share? What is the annual dividend “yield”? What does “annual dividend yield” mean?

4d) Last, look on the left hand side of the page and find “Analyst Coverage”. Review the “Analyst Opinion” link. Are Lowes’ reviews generally positive or negative? Do you agree with the analyst reviews now that you have researched the company? Discuss.

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