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Foot Locker, Inc. - Questions from 2007 Annual Report

Foot Locker, Inc. - Questions from 2007 Annual Report

1) The current liability section of Foot Locker, Inc. Consolidated Balance Sheet as of February 2, 2008 (the end of fiscal 2007) lists accrued and other liabilities totaling $268 million. Find the details of this total in the Notes to Consolidated Financial Statements. What are the four principal items comprising this total?

2) How would you rate Foot Locker, Inc. overall debt position at the end of fiscal 2007 risky, safe or average? Compute the ratios that enable you to answer this question.

3) As of the end of fiscal 2007, how many classes of stock does Foot Locker, Inc. have authorized? Issues? Outstanding?

4) During 2007, Foot Locker, Inc. repurchased its treasury stock. How many shares did it purchase? How much did it pay for the stock? How much per share? Compare the price it paid for these shares with the market price of the company's stock at the end of each quarter (see footnote 26). Does it look like the company was getting a good deal on the purchase of its stock? Why?

5) Did Foot Locker, Inc. issue any new shares of common stock during fiscal 2007? Briefly explain the reasons.

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1) The current liability section of Foot Locker, Inc.s Consolidated Balance Sheet as of February 2, 2008 (the end of fiscal 2007) lists accrued and other liabilities totaling $268 million. Find the details of this total in the Notes to Consolidated Financial Statements. What are the four principal items comprising this total?

Other payroll and payroll related costs $52 million
Taxes other than income taxes $44 million
Customer deposits $34 million
Other operating costs $68 million

2) How would you rate Foot Locker, Inc.s overall debt position at the end of fiscal 2007 ...

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