Walgreens, the nation's largest drugstore chain, has been in operation for 114 years. In taking a closer look at the financial statements, it will be clear why Walgreens is the largest drugstore chain in the nation. The annual report for the fiscal year of 2013 has provided valuable information to investors, employees, current shareholders, and prospective lenders. The information gained through the review of the annual financial statements can assist in the decision-making process for these various entities. After all, the annual report can contribute to decisions concerning current or future investment in the company. Also, the report provides the ability of the business to obtain lending services, and even ways the employees can improve sales and productivity of the enterprise. .
Total Assets.
The amounts that will be in this report will be for the years ended August 31, 2013 and 2012 (In millions, except per share amounts). According to the Walgreens annual report for 2013, the total assets at the end of the fiscal year 2013 reporting period was equivalent to 35,481 million dollars. This is an important number because it will be used to compare gains and losses to previous years. This number will assist in the determination of the profitability of the business. The total assets are valuable to a variety of people, including the CEO, the Finance department, investors, potential investors, and board of directors. The information shows what the company is worth, whether those assets are long term or short term, cash or property. It is important to be able to account for what the company has in terms of assets because that is what the company can base its worth. The report also determined the total assets for fiscal year 2012 was $33,462 million dollars. This amount, when compared to the amount for fiscal year 2012, shows there to be a gain in the total assets of 2,019 million dollars. This proves to be an increasing asset over the course of a year.
