In week 1, I will be discussing CVS and parts of their annual report regarding measuring progress, financial performance and profitability. As a manager or investor or creditor, I will discuss what the company claims in the annual report in our textbook. I will also discuss a little history before I discuss my questions and answers. In my conclusion, I will discuss my overall information that I have gathered during my search for information and why accounting is important. CVS is one of today’s largest pharmacy health care companies in the United States, their strengths are helping us save and improve the member experience (Needles & Powers, 2012, p. 58). I never knew CVS was one of the largest pharmacy chains in the US and that it is
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The data will then be stored until it is needed to process and become useful, and then communicated through reports to the decision maker (me the manager). The accounting information is then taken into action by the decision makers, which will affect the subsequent business activities (Needles & Powers, 2012, p. 4). All companies have goals that engage in the following: Operating activities, investing activities, and financing activities (Needles & Powers, 2012, p. 5).
2. As a potential investor or creditor, what financial knowledge would you need to evaluate CVS’s financial performance? As a potential investor, I would evaluate CVS’s past success and financial statements to know how the business is performing (Needles & Powers, 2012, p. 9). It’s important as an investor to evaluate the business in this manner and that if I’m interested in the company’s past and future success. The company also delivered a total return to shareholders of 48% while the S&P 500 and the Dow Jones industrial average returned 2% and 10%, respectively, over the same period (Needles & Powers, 2012, p. 58).
3. Is CVS meeting its goal of
The data will then be stored until it is needed to process and become useful, and then communicated through reports to the decision maker (me the manager). The accounting information is then taken into action by the decision makers, which will affect the subsequent business activities (Needles & Powers, 2012, p. 4). All companies have goals that engage in the following: Operating activities, investing activities, and financing activities (Needles & Powers, 2012, p. 5).
2. As a potential investor or creditor, what financial knowledge would you need to evaluate CVS’s financial performance? As a potential investor, I would evaluate CVS’s past success and financial statements to know how the business is performing (Needles & Powers, 2012, p. 9). It’s important as an investor to evaluate the business in this manner and that if I’m interested in the company’s past and future success. The company also delivered a total return to shareholders of 48% while the S&P 500 and the Dow Jones industrial average returned 2% and 10%, respectively, over the same period (Needles & Powers, 2012, p. 58).
3. Is CVS meeting its goal of