Locate the most recent set of financial statements for the companies listed below. Use the 10-K available on the SEC’s EDGAR database (www.sec.gov/

edaux/searches.htm) or the annual report available on the company’s home page. The annual report is usually located in the Investor Information section.

Corporation Home Page Location Dell Computers www.dell.com Ben & Jerry’s www.benjerry.com Lewis Galoob Toys www.galoob.com Required

a. For each company, what is the percentage of accrued liabilities to current liabilities?

b. List any unusual accrued liabilities. Explain what these items represent, given the main business of each company.

c. How might investors or creditors react to each of these liability issues?