Project 1. Each member of the group should obtain the annual report of a different company.

Select companies in different industries. Evaluate each company’s trend of cash flows for the most recent two years. In your evaluation of the companies’ cash flows, you may use any other information that is publicly available—for example, the other financial statements (Income Statement, Balance Sheet, statement of changes in equity, and the related notes) and news stories from magazines and newspapers. Rank the companies’ cash flows from best to worst and write a two-page report on your findings.