Obtaining Accounting Information Joyce has decided to go backpacking with a friend during spring break.

After looking at the cost of hiking boots, tents, and other supplies, Joyce concluded companies that produce and market backpacking and sports equipment must be quite profitable.

She has decided to do an analysis of a company that carries this type of equipment as a project for one of her courses.

a. Will the company’s income statement or balance sheet provide Joyce with information about the profitability of the company she chooses?

b. How might she obtain a copy of the last annual report the company distributed to its shareholders?

c. If Joyce has delayed writing her report and needs the information immediately, what sources might she use to acquire the information needed?

d. What is EDGAR and why is it a useful source of information?