Use the Internet to research the annual report of at least one (1) merchandising company. For example, while you cant use this one, here is one from Walmart. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) is used to record inventory by your selected company.

Share three (3) advantages and three (3) disadvantages of using the type of costing method (LIFO, FIFO, and weighted average) that the company has implemented. #2.Imagine you are a consultant hired to convert a manual accounting system to an automated system. Suggest the key advantages and disadvantages of automating a manual accounting system. Identify the most important step in the conversion process. Provide a rationale for your response. #3.Employee theft is a major problem in the U.S. retail industry. Information obtained from SecurityInfoWatch reported that twenty-three (23) major retailers alone apprehended over 1.1 million shoplifters and dishonest employees, and recovered more than $189 million from these thieves in 2012. Watch J. Farrell’s video below titled “Prevent Employee Theft in Your Business,” and provide at least two (2) examples of internal controls that could be implemented to reduce theft in the U.S. retail industry. https://www.youtube.com/watch?v=x8OHUCMtgMM&feature=youtu.be #10.Use the Internet to research an annual report of a retail company. Then, imagine you are an investor or creditor and suggest the ratios that you believe would provide an investor or creditor with the most important information needed to make accurate predictions about the companys financial condition. When analyzing a company, is it more important to compare the ratios to competitors or to the companys previous history? Provide a rationale for your response. Note: You must provide a link or instructions to the researched report.

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