The Sherwin-Williams Company (Sherwin-Williams; ticker symbol SHW) was founded in 1866. The company develops, manufactures, distributes and sells paints, coatings, and related products to professional, industrial, commercial and retail customers. The Company is organized into three segments - Paint Stores Group, Consumer Group and Global Finishes Group.
1. FSA consists of three key steps. What are they?
2. Read Sherwin-Williams' "Summary" section in its "Management Discussion and Analysis" (pg. 14-15). What does the company's management say about how Sherwin-Williams has been affected by the economic downturn? Make note of at least three distinct items. (3 points)
Q2. Financial Statement Overview
Q3. Revenue Recognition
Q4. Inventory Analysis
Detailed answer with all the explanations provided.