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Using either the most current Form 10-K for The Pep Boys Manny, Moe & Jack, or the companys annual report, answer the questions below. To obtain the Form 10-K either use the EDGAR system following the instructions in Appendix A, or the companys website. The companys annual report is available on its website.
Required:
a. What is Pep Boys current ratio?
b. Which of Pep Boys current assets had the largest balance?
c. What percentage of Pep Boys total assets consisted of current assets?
d. Did Pep Boys have any currently maturing long term debt included in current liabilities on its balance sheet?
e. If Pep Boys were a company that manufactured auto parts rather than a retailer of auto parts, how do you think its balance sheet would be different?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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