Epstein Secrets

8. Financial Statements and Supplementary Data. The Victoria's Secret segment had net sales of $5.139 billion in 2006 and operated 1.003 stores in the United States and 323 stores in Canada. BATH & BODY WORKS The Bath & Body Works segment sells personal care, beauty and home fragrance products marketed under th

t believes the Company's exposure to interest rate risk associated with financial instruments (such as investments and borrowings) is not material. Fair Value of Financial Instruments The carrying value of cash equivalents, accounts receivable, accounts payable and accrued expenses approximates fair value because of their short m

med upon demand and, therefore. bear minimal interest rate risk. The Company's accounts receivable are derived from customers located principally in the United States. The Company performs ongoing credit evaluations of its customers, does not require collateral, and maintains allowances for potential credit losses

accounts receivable when and if collection becomes doubtful. The Company has not recorded any allowance for doubtful accounts on customer accounts. Fair Value of Financial Instruments The Company's financial instruments consist principally of cash and cash equivalents, accounts receivable. accounts payable, and preferred stock wa

ed upon demand and, therefore, bear minimal interest rate risk. The Company's accounts receivable are derived from customers located principally in the United States. The Company performs ongoing credit evaluations of its customers, does not require collateral, and maintains allowances for potential credit losses

receivable when and if collection becomes doubtful. To date, the Company has not recorded any allowance for doubtful accounts on customer accounts. Fair Value of Financial Instruments The Company's financial instruments consist principally of cash and cash equivalents, accounts receivable, accounts payable, and preferred stock wa

ecember 31, 2012, and the related consolidated statements of operations, changes in net assets, and cash flows for the year then ended (expressed in United States dollars). and the related notes to the consolidated financial statements. Management's Responsibility for the Consolidated Financial Statements Man

fter January 1, 2013. The Company is currently evaluating the impact of these disclosures on its consolidated financial statements. 3. INVESTMENTS Fair Value of Financial Instruments — In accordance with FASB Accounting Standards Codification ("ASC") Topic 820 ("ASC Topic 820"), the Company defines fair value as "the price that w