Paper Problem
In 500 words, Write a paper about SAFEWAY answering the following questions. Make sure to have references.
1) Determine if the company (SAFEWAY) has assets under capital lease on its balance sheet. Explain the details of the leasing transactions, capital or operating, based on the amounts and disclosures found in the financial statements and the notes to the financial statements. How do the capital or operating leasing arrangements impact the overall profitability and debt position of your company? Do not complete a ratio analysis. Instead, focus on the details in the notes and determine how well the company presented the information to an informed reader. What did the company provide about its leases in the notes and why is that information important? How does each company comply with the rules as provided in the FASB Codification?
2) Examine the statement of cash flows for your company (SAFEWAY). Where is the company generating cash? What investments did it make over the past fiscal year? Did the company have financing activities? How would you describe the overall cash position of your company? Again, use the notes to the financial statements (not ratio analysis) to support your findings. How does each company comply with the rules as provided in the FASB Codification?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.