For this assignment you are required to pick a company that is publicly traded on one of the many US exchange floors. Go to the SEC "Edgar" database (https://www.sec.gov/edgar/searchedgar/companysearch) and find your company. Then you will find the company's most recent set of financial statements. The SEC requires that all companies file a 10-K, which is an annual set of financial statements.

 

Once you locate the information, address the following issues:

Review the 10-K for the company you have chosen an address the following issues:

1. What were net sales? Were sales up or down compared to the previous year? Why?
2. What was net income before taxes and interest?
3. What was net income after taxes and interest?
4. Was net income greater or less than the previous year? Why?
5. What was the biggest source of cash flow for the company?
6. What were total assets? What was the single largest category of assets?
7. What were total liabilities? What was the single largest liability?
8. What was included in the equity section of the balance sheet?
9. Did the company have any comments on acquisitions, mergers, or new product lines that they plan to introduce?