Teams are to select an industry, and each team member is to select a different company in that industry. Each team member then is to acquire the selected company’s financial statements (or Form 10-K) from the SEC EDGAR site (www.SEC.gov). Use these data to identify basic EPS. Use the financial press (or finance.vahoo.com/quote) to determine the market price of this stock, and then compute the price-earnings ratio. Communicate with teammates via a meeting, e-mail, or telephone to discuss the meaning of this ratio, how companies compare, and the industry norm. The team must prepare a single memorandum reporting the ratio for each company and identifying the team con¬

clusions or consensus of opinion. The memorandum is to be duplicated and distributed to the in¬

structor and teammates.