Choose $1$ company from the following: Apple, Walmart, Nike, Amazon

Company Name:

Now go to

finance.yahoo.com and search for the company you've chosen.

Once you are on the page for your company, click the Financials link, then Income Statement, then make sure Annual is selected.

Using the Income Statement:

$2.$ Identify the Revenue for the most recent completed year.

$3.$ Identify the Operating Income or Loss for the most recent completed year.

$4.$ Explain what it means to have a net income or net loss.

$5.$ How do managers use income statements?

Now, click on the Balance Sheet link, then make sure Annual is still selected.

Using the Balance sheet:

$6.$ What are the company's total assets for the most recent completed year?

$7.$ What are the company's total liabilities for the most recent year?

$8.$ Using the information from questions $7$ and $8,$ complete the accounting equation.

Assets$=$ Liabilities $+$ Owner's Equity

$=+$ Owner's Equity