1. Analyze financial statements a) "What four financial statements are contained in most annual reports?" b) "Who are some of the basic users of financial statements, and how do they use them?" Select two publicly traded companies of your choice (both competitors of each other). Review the financial statements of the companies. Note: for the following questions, you must provide detailed financial information per the financial statements The financial statements of most companies can be found at Yahoo Finance. For instance, view the financial statements of Knight Transportation here: Knight Transportation c) Looking at the most recent year available, what is the amount of total assets on the companies' balance sheets? What percentage is fixed assets, such as plant and equipment per total assets ? What percentage is current assets per total assets ? d) What amount do your companies have in long-term debt? What percentage is long-term debt per total debt and equity ? e) Looking at the income statement what are your companies most recent sales and net 1. Analyze financial statements a) "What four financial statements are contained in most annual reports?" b) "Who are some of the basic users of financial statements, and how do they use them?" Select two publicly traded companies of your choice (both competitors of each other). Review the financial statements of the companies. Note: for the following questions, you must provide detailed financial information per the financial statements The financial statements of most companies can be found at Yahoo Finance. For instance, view the financial statements of Knight Transportation here: Knight Transportation c) Looking at the most recent year available, what is the amount of total assets on the companies' balance sheets? What percentage is fixed assets, such as plant and equipment per total assets ? What percentage is current assets per total assets ? d) What amount do your companies have in long-term debt? What percentage is long-term debt per total debt and equity ? e) Looking at the income statement what are your companies most recent sales and net