As a team, select an industry to analyze. Using your web browser, each team member should access the annual report or 10-K for one publicly traded company in the industry, with each member selecting a different company.

Required:
1. On an individual basis, each team member should write a short report that incorporates the following:

a. What are the most significant types of current liabilities owed by the company?
b. Read the company’s financial statement note regarding long-term debt and commitments and contingencies. Does the company have any significant amounts coming due in the next five years?
c. Compute and analyze the debt-to-assets ratio and times interest earned ratio.

2. Then, as a team, write a short report comparing and contrasting your companies using these attributes. Discuss any patterns across the companies that you as a team observe. Provide potential explanations for any differences discovered.