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Summary BUS 340 Week 4 Assignment.edited.docx Annual Reports Ashford University BUS 340: Business Communications Annual Reports When it is time for home improvement projects, there are several building supply stores you can choose from. Two of the most $7.49
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Summary BUS 340 Week 4 Assignment.edited.docx Annual Reports Ashford University BUS 340: Business Communications Annual Reports When it is time for home improvement projects, there are several building supply stores you can choose from. Two of the most
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BUS 340 Week 4 A Annual Reports Ashford University BUS 340: Business Communications Annual Reports When it is time for home improvement projects, there are several building supply stores you can choose from. Two of the most well-known and popular are Home Depot and Lowes. Annual reports ...
bus 340 week 4 assignmentediteddocx annual reports ashford university bus 340 business communications annual reports when it is time for home improvement projects
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Annual Reports
Ashford University
BUS 340: Business Communications
, 2
Annual Reports
When it is time for home improvement projects, there are several building supply stores
you can choose from. Two of the most well-known and popular are Home Depot and Lowes.
Annual reports from both of these companies were used because they are both in the same
industry, are well-known, and are frequented by the same type of customers. According to
Lowe's Report (2019), "On February 1, 2019, our properties consisted of 2,002 stores in the U.S.
and Canada with a total of approximately 209 million square feet of selling space" (pg. 13). The
Home Depot has 1,981 stores in the U.S. and 124 outside of the U.S. (The Home Depot Annual
Report, 2019, pg. 15-17). This annual report comparison will go over organizational differences,
examine how clearly the data is presented for shareholders to draw conclusions. Examine the
goals and challenges of top managers and describe ways the format and organization of each
report enhances or distracts from the information presented.
Organizational Differences
Bovee states (2018), “All U.S. companies that sell stock to the public are required to
issue annual reports that disclose a variety of financial details. Most companies expand on these
minimum requirements with glossy, persuasive messages about their operations, products, and
prospects” (pg. 14 para. 5.). Both of these companies are well known for carrying specific
brands and good quality building materials and showed an increase in sales throughout 2018;
their annual reports do differ from one another, though. The Home Depot (2019), “Our strong
performance in fiscal 2018 positions us well with respect to our 2020 financial targets” (pg. 2).
Lowe’s (2019), “We believe we can deliver even stronger results going forward by focusing on
retail fundamentals” (pg. 1). The Home Depot is focused more on financial goals in their report,
while Lowe's is more focused on continuing to provide the best retail experience for their
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