Kohls Corp vs. J.C. Penney, Inc MBA 515: Accounting for Management Decisions (9 Pages Words)

Executive Summary For the group financial statement analysis, our team chose to compare J.C. Penney, Inc and Kohls Corp. The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. It was developed to allow for a high level of comparability in business statistics among the North American countries. (U.S Census Bureau, 2014) The NAICS code for both J.C. Penney, Inc and Kohls Corp is 452111 for Department Stores (except Discount Department Stores). Given that their NAICS code...