CVS: Financial Statement

Paper Summary:

CVS is a retail corporation that sells prescription drugs and general merchandise products. This paper presents an overview of the company, including its corporate structure and history. The paper then discusses CVS's strategic goals and objectives, including its impressive community involvement plan. Finally, the paper concludes with overall highlights of the company's operations before providing financial statements for both CVS and its prime competitor, Walgreen's.

From the Paper:

"CVS has also improved its company strength from all areas of the business. Most notable is the operating income increased from $700 million in 2001 to $1.2 billion in 2002, return on equity increased from nine percent in 2001 to 13 percent in 2002, and return on assets increased from five percent in 2001 to almost eight percent in 2002. This reflects the strong growth from the company, improving their inventory controls, expanding into new markets, opening new stores in existing market areas and marketing to the baby boomers, which is the largest user group in the U.S."

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