Go to http://finance.yahoo.com and type in the stock symbol YHOO. Using the pull- down menu, select Basic, and then click on Get Quotes. In the chart under "Last Trade." identify how much investors were willing to pay for a share of stock on the last trade. 2. In the chart under "More Info" click on Profile

a. Review the "Business Summary." How many users does Yahoo! serve each month?

b. Scroll down to review "Statistics at a Glance." What is Yahoo!'s book value per share? Compare the book value to the market value of the last trade. Which is greater?

c. What is Yahoo!'s return on assets and return on equity? Explain what both of these ratios indicate for Yahoo! Which ratio is greater? What does this indicate?

d. How much is Yahoo's annual dividend? 3. Go to http://www.forbes.com and under "Stocks" type YHOO, and then click on Go. In the left-hand column click on "Financials" to find the answers to the following questions.

a. As of the most recent balance sheet date. how much have shareholders paid in total for Yahoo! stock? During the most recent year, how much capital did Yahoo! raise through the issuance of stock? Yahoo! does not pay dividends. Why would shareholders be interested in purchasing stock in this company?

b. As of the most recent balance sheet date, what is Yahoo!'s reported retained earn- ings balance? Is this balance positive or negative? How does a company get a retained earnings deficit? Does Yahoo! have enough retained earnings to declare dividends?

c. What is the primary source of financing for Yahoo!'s assets?