Hi, the company being looked at is Micosoft. Please use their annual report to answer questions 8&9.

8) Liabilities a. Analyze your company's liability section of the comparative balance sheets. Has the composition of current and long-term liabilities changed significantly over the period? b. What types of long-term debt does your company have outstanding? What interest rates are being paid on long-term debt? (This information is available in the footnotes to the financial statements.) 3 c. What payments must be made on long-term debt and other long-term commitments over the next two years? (This information is available in the footnotes to the financial statements.) Does it appear that the company will be able to meet its obligations with cash generated from operations? (You can find Cash from operating activities on the Statement of Cash Flows.) 9) Stockholder's Equity a. How many shares of common stock are authorized? How many shares were issued? How many shares were outstanding? Explain what authorized, issued, and outstanding mean. b. Did the company pay any dividends on its common stock in the past two years? c. Did the company issue any new stock? Did the company buy back any shares of stock (treasury stock)? Part III- Use the Form 10-K (Annual Report) to answer the following questions. (30 points) This section requires that students use their Annual Reports and knowledge from class to answer several questions. Some of the questions might not apply to your company. Please be sure to check carefully before you decide that an item is not applicable. If you are unsure, please ask me! 1 Answers must be in complete sentences and/or paragraphs. Yes, or No is not an acceptable answer. Also, please be sure to carefully cite your sources. It is not acceptable to cut and paste from the Annual report without a citation. Where it is necessary to quote brief citations, you should use quotation marks. You should always reference where you obtained the material, for example: General Motors, 2021 Annual Report page 63