Much information about specific companies is available on the World Wide Web. This information includes basic descriptions of the company’s location, activities, industry, financial health, and financial performance.. LO5 Address: http://biz.yahoo.com/i Steps 1. Type in a company name, or use an index to find company name.

2. Choose Profile. Perform instructions (a)–

(c) below.

3. Click on the company’s specific industry to identify competitors. Perform instructions

(d)–(g) below.

Instructions Answer the following questions.

(a) What was the company’s net income?

(b) What was the company’s total sales?

(c) What is the company’s industry?

(d) What are the names of four of the company’s competitors?

(e) Choose one of these competitors.

(f) What is this competitor’s name? What were its sales? What was its net income?

(g) Which of these two companies is larger by size of sales? Which one reported higher net income?