2a.) Dell’s sales (all in millions) for the fiscal year ending 01/29/2010 were $52,902 as compared to sales of $61,101 (in millions) for the year end of 01/29/2009, showing a decline in revenue of $8,199. Net income for Fiscal 2010 also shows a loss from the prior year of $1,045- $2478 in Fiscal 2009 vs. $1433 net income in 2009 (all in millions). This is primarily due to the global economic downturn that began the second half of Fiscal 2010. Commercial spending, accounting for 77% of overall revenue for Fiscal 2010 was impacted by the weakened economy; furthermore, consumer profitability decreased due to a switch to lower-priced products and competitive pricing pressures. Cost reduction efforts and efficient capital management strategies are expected to show enhanced operating leverage and returned revenue growth in Fiscal 2011. Pertaining to balance sheet information, however, we see increases in cash flows from operating activities and total assets. Net cash provided by operating activities more than doubled in Fiscal 2010 from the previous year: $3,906 compared to $1894. This is an important factor when considering a company’s short-term... [continues]
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