1. Who are the firm’s auditors? Do they provide a clean opinion on the financial statements?
On page 53 of the Green Mountain Coffee Roasters, Inc 10-K Annual Report, they state that PricewaterhouseCoopers LLP, an independent registered public accounting firm, has audited the effectiveness of the Company’s internal control over financial reporting. They provide a clean opinion on the financial statements. On page F-2, the auditor had written a note stating, “In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Green Mountain Coffee Roasters, Inc. and its subsidiaries at September 24, 2011 and September 25, 2010, and the results of the operations and their cash flows for each of the year years in the period ended September 24, 2011 in conformity with accounting principles generally accepted in the United States of America.”
2. Have there been any subsequent events, errors and irregularities, illegal acts, or related-party transactions that have a material effect on the financial statements?
On page F-48, section 24 of the Green Mountain Coffee Roasters, Inc 10-K Annual Report, they list the Subsequent Events. There was a “Form 8-K dated August 24, 2011 stating the Company entered into an agreement to see all the outstanding shares of Van Houtte USA Holdings, Inc to ARAMARK Refreshment Services, LLC and subsequently, on October 3, 2011, completed the sale for an aggregate cash purchase price of approximately $145 million.”
3. Describe the trend in total assets and total liabilities for the years presented.
According to the Green Mountain Coffee Roasters, Inc.’s Consolidated Balance Sheet on page F-3, Total Assets (Dollars in thousands) for 2010 were $1,370,574 and in 2011, Total Assets were $3,197,887. Total liabilities for 2010 were $671,329 and in 2011, Total liabilities were $1,285,672. Total liabilities was found by subtracting “Total...
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