Choose a company with an annual report you can obtain for review. Use the annual report to answer the following questions:

Regarding the companys current liabilities:

1. How does the company value its current liabilities, and is this valuation justified?
2. What were the companys total current liabilities at the end of the fiscal year?
3. What was the largest current liability? Describe other significant current liabilities as well.
4. Is the company you selected involved in litigation? If so, what can be concluded from its disclosures regarding this litigation?