3. Identify three external stakeholders of an organization who management should be prepared to communicate the key elements of the financial statements. 4. What type of annual report should a company produce and why? 5. Why is the capital structure of a business important? 6. Why is cash management important for a sports organization? 7. Which funding option would be the most economical to issue if you were trying to raise $200 million? 8. What does flotation cost mean? 9. Why is the time value of money important? 10. Why is the payback rule important when analyzing financial issues? 11. Discuss three comparative benchmarks a company can use to assess its financial performance. 12. Discuss the four key categories of financial ratios. 13. Identify three companies you would compare Under Armours financial ratios against? 14. Who would be three external stakeholders interested in a companys financial ratios? 15. What current trend in the sport or entertainment area do you think will fall into disfavor with the consumer population? What supports your argument, and what would you do to possibly reverse that downward trend? 16. Compare the different classes of stock available. 17. Describe the rights of a stockholder. 18. Describe how a smaller sport business can issue stock. 19. Describe what types of bonds are available and how they are secured. 20. Describe dynamics of using government-issued bonds to finance sports facilities