Question: Analyze the net fixed assets (PPE-Property, Plant, and Equipment) and answer the following questions:

1. Look at both companies’ financial statements in respect to Property Plant or equipment or fixed assets owned by the corporation. Are net fixed assets significant for the companies? What percentage of total assets is held as fixed assets for the current year? You can use the vertical analysis you developed in Part 2 to identify this percentage. What financial statement did you look at to find the fixed assets?
   J.C. Penny reports $4,281 million of Property and equipment, out of a total of $8,413 million in total assets. Hence, Property and equipment represent $4,281/$8,413 = 50.89%, which indicates that property and equipment are a large percentage of the total assets.
   On the other hand, Kohl's reports $7,773 million of Property and equipment in the current year, out of a total of $13,340 million in total assets. Hence, Property and equipment represent $7,773/$13,340 = 58.27%, which indicates that property and equipment are a large percentage of the total assets for Kohl's as well.
2. Using the notes to the financial statements answer the following questions for each company and provide the page number of your reference. What exactly are the companies’ fixed assets are as listed in the notes? What depreciation method are they using for financial reporting?
3. Are any assets impaired per the notes to the financial statements for each of the companies? Provide how each company determines impairment of asset per their notes. Is the impairment charge significant? Provide the page number of the note you are using as a reference.
4. Did the company buy any fixed assets during the year using cash? Provide the name of the financial statement you used to determine if the company bought fixed assets for cash , provide the amount purchased in current year, and the section of the financial statement you found this information in along with the label used to show that cash was paid for fixed assets ? Companies use different labels when they are purchasing fixed assets, so make sure you do not overlook this cash purchase, which might be worded differently.
   
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