IBM?’s Financial Position Gain access to the con-

* solidated financial statements of IBM. These may be obtained from the company, through many libraries, or from the Internet d.

or other electronic databases. Focus on IBM’s balance sheet.

a. Identify each of the items in the current asset section of the statement of financial position. As best you can, describe what each title means.

b. Look at the different lines of business indicated in IBM’s statement of operations. To which lines of business do you think each of the current assets relates?

c. Does IBM have more or less debt than it did a year ago?

d. Would you judge IBM’s overall financial position to be improving or deteriorating? Does IBM’s statement of operations seem to support your view? Explain.