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The TMA Questions PART A Financial Reporting on the Internet (Tyco Electronics Ltd.) TE Connectivity Ltd. is a global company that designs and manufactures approximately 500,000 products that connect and protect the flow of power and data inside millions of products used by consumers and industries. We partner with customers in a broad array of industries from consumer electronics, energy, and healthcare to automotive, aerospace, and communication networks. Tyco Electronics Ltd. was incorporated in Bermuda in fiscal 2000 as a wholly-owned subsidiary of then Bermuda-based Tyco International Ltd. (‘‘Tyco International’’). Effective June 29, 2007, Tyco International distributed all of our shares to its common shareholders (referred to in this report as the ‘‘separation’’). Tyco became an independent, publicly traded company owning the former electronics businesses of Tyco International. Access the Tyco Electronics Ltd. web page at: www.te.com. From Tyco’s home page, choose Investors, and then “Annual Reports”, followed by clicking on “2012 Annual Report” to download the annual report on Form 10-K (PDF). Instructions: Use the annual report to answer the following questions: Is it a service, merchandising, or manufacturing company? How can you tell? What is its primary product or service? [8 Mark Discuss how the decisions you would make might differ if you were a supplier, customer, or a member of Tyco Electronics’ management team. [9 Marks] Indicate which costing approach is used by Tyco Electronics in preparing its income statement, and briefly explain the usefulness of the other approach. [10 Marks] Using the Consolidated Statements of Operations, what does Gross Margin represent? Calculate Gross Margin percentage for the most three recent years (2012, 2011, and 2010). What do you observe? How does Gross Margin differ from Operating Income?…