The Annual Report Project CVS annual Report A- Introduction: Name of the chieftain executive built in bedr: Tom Ryan Location of the home office: Florida Ending date of the latest fiscal year: January 1, 2005. commentary of the companys principal products: operates in the retail chemists shop industry in the United States. The attach to operates in twain segments: Retail Pharmacy and Pharmacy Benefit Management (PBM). The Company sells prescription drugs and an assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, movie theater and photo finishing services, seasonal merchandise, greeting cards and restroom foods, through its CVS/pharmacy retail stores. Main geographic bailiwick of activity: United States of America (36 states). Name of the Auditor and his whimsy regarding the financial statements: KPMG LL : these financial statement represented fairly in accordance with the standards of the public company Accounting oversight placard (United States). The most recent price of the companys bear was 45.07 on December 3initiatory , 2004. The dividend per share was $0.265 on January 1st , 2005. b- Industry situation and company plans: There was a acting(prenominal) slowdown in industry prescription growth, which is due to numerate of factors. They include the slow pace of untested drug approvals, high co-pays and growing co-insurance arrangements. The industry is hard at work discovering naked as a jaybird drugs.
The company expect to be significant participants in delivering the Medicare prescription Drug. Also the company looks forward to improving customer satisfaction, opining new stores, and driving productivity. C- Financial Statements Income Statement: Multiple Step income statement | |2004 |2003 | throw |% of change | |Gross profit |8,031.2 |6863 |1168.2... If you want to get a full essay, order it on our website:
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