Each of you should access the annual report (or Form 10-K filed with the SEC) for one publicly traded company in the industry you were assigned above. In addition to the companys own website, a great source is the SECs Electronic Data Gathering, Analysis, and Retrieval (EDGAR) service. This free source is available by going to the Filings section of SEC (Links to an external site.) and clicking on Company Filings Search and then entering the Company name." Then look for the "10-K" reports needed. Answer all of the following questions about your company based on the most recent Income Statement available:

Company PG&E

1.) By what percentage did net income change? By what percentage did revenue change?

2.)What was the primary cause of the change in net income? A change in revenue or a change in costs? How can you tell?

3.)Looking at costs a bit more, did fixed or variable costs change more? Was it an increase or decrease? What does this say about the company's production process?