Purpose: Identify summary information about companies. This information includes basic descriptions of the company’s location, activities, industry, financial health, and financial performance.

Address: http://biz.-yahoo.comi/i (or go to www.wiley.com/college/kimmel)

Steps L Type in a company name, or use the index to find company name. 2. Choose Quote, then choose Profile, then choose Income Statement. Perform instructions

(a) and

(b) below. 3. Choose Industry to identify others in this industry. Perform instructions (c)-

(e) below.

Instr.uctions Answer the following questions.

(a) What was the company’s net income? Over what period was this measured?

(b) What was the company’s total sales? Over what period was this measured?

(c) What is the company’s industry?

44 CHAPTER 1 Introduction to Financial Statements

(d) What are the names of four companies in this industry?

(e) Choose one of the competitors. What is this competitor’s name? What were its sales?

What was its net income?