In each chapter you will be asked to complete an assignment linked to the learning goals of each chapter. These assignments will be continuous in the sense that you will be establishing a firm and, in each chapter, will attempt to simulate decisions made by corporations in their normal course of financial management. The assignments begin with this chapter, and each subsequent chapter will build on your previous work. You must first form a fictitious partnership. Assume that this partnership has existed for several years and is in the process of going public. This "firm$-$group" will continue throughout the semester. You will also follow a real, publicly traded firm throughout the semester, which should be related in some way to your fictitious business.

To Do

$1.$ Name your firm, describe the business it is in$,$ and state what advantages you $($as management$)$ see in going public.

$2.$ Discuss the necessary managerial roles of your fictitious firm, and explain the responsibilities for each within the firm. $($Although individual roles could be assigned here, you are responsible for all parts of the assignments.$)$

$3.$ Choose a publicly traded corporation to act as a shadow firm. $(1)$ Go to www$.$marketwatch.com, the site run by the Wall Street Journal, and look up the most recent annual financial statements for your shadow firm.