6. Without looking at the income statement, determine what has been going on with profitability by examining the retained earnings account and the total equity account.

Log onto the S&P Market Insight Web site, www.mhhe.com/edumarketinsight. Click on “Company,” which is the First box below the Market Insight title. Type American Airlines’ ticker symbol “AMR1” in the box and click on Go. Scroll down the left margin and click on “Excel Analytics.” At the top of the left margin you will see the second item listed as Annual Balance Sheet. Click on “Ann. Balance Sheet” and scroll down to the liabilities section.