Below are suggested solutions for each requirement of the case. Some of the requirements have objectively correct or incorrect solutions, whereas others require a subjective opinion to some degree. Thus, some discretion is required in grading these responses. It is recommended that instructors are flexible in grading responses that do not perfectly align with the solutions below if the response is thorough and logical. A scoring rubric, Non-GAAP_Grading_Rubric-R1_FINAL.xlsx, is provided in the “Index of Supplemental Materials.”
Identify two non-GAAP measures that the company discloses in the Management’s Discussion and Analysis section of the 10-K. Answer the following questions about the non-GAAP measures that you identified:
SEC comment letters provided below the answer table.
Chewy, Inc. 5/29/2020
Cisco Systems, Inc. 3/23/2020
TJX Companies Inc/DE/1/27/2021
American Express Co 6/04/2020
Suggested Modification Resource
The following images are from Chewy’s response to the SEC comment letter from Activity 2 and the...
