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. Has the company generated positive or negative operating cash flows during the past three years?
b. Has the company been expanding over the period? If so, what appears to have been the source of financing for this expansion (operating cash flow, additional borrowing, issuance of stock)?
c. Compare and analyze the difference between net income and operating cash flows over the past three years.

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.