. 8. Find IBM's most recent 10-K filing on EDGAR, and calculate the following variables: current ratio, accounts receivable turnover ratio, inventory turnover ratio, asset turnover ratio, net profit margin, return on assets, return on equity, and earnings per share. For accounts receivable turnover ratio, it is acceptable to simply use sales if you cannot find net credit sales. To get most of the credit, list the formulas for each variable that you are calculating, and where you find the values for numerator and denominator. For example, Current ratio = current assets/ current liabilities = XXX/YYY. I find current assets on the balance sheet statement, and the value is XXX. I find current liabilities on the balance sheet statement, and the value is YYY This exercise gives you hands-on experience in collecting and analyzing financial statements. To see where to download the most recent 10-K filing, check the first couple of slides in this topic