Obtain the annual reports for three well-known companies, such as Ford Motor Co., General Motors, IBM, Microsoft,

Question:

Obtain the annual reports for three well-known companies, such as Ford Motor Co., General Motors, IBM, Microsoft, or Amazon.com. These annual reports can be obtained from the library, the company’s Web site under \Investor Relations," www.finance.yahoo.com (type in the company name for Get Quotes), or the company’s 10-K filing with the Securities and Exchange Commission at www.sec.gov/.
To obtain annual report information under Filings & Forms, click on \Search for Company Filings. "Next, click on Company’s or funds, ticker symbol.." Key in the company name. The Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) will list the reports available for the company. Click on the 10-K (or 10-K405) report for the year you want to download. If you wish, you can save the whole 10-K report to a file and then open it with your word processor. Examine the for each company and determine the total assets, liabilities, and stockholders’ equity. Verify that total assets equal the total of the liabilities plus stockholders’ equity.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...