Use data from nance.yahoo.com to answer the following questions. Enter the ticker symbol QCOM to locate information for Qualcomm Inc. Find the companys most recent annual balance sheet in the Financials section.

1. Examine the companys assets and liabilities. What proportion of total assets are current assets? What proportion of total liabilities are current liabilities? Does it seem that there is a good match between the duration of the assets and the Qualcomm of the liabilities?

2. Look at the Annual Statement of Cash Flows for Qualcomm, which is also found in the Financials section. Check the Financing Activities section to see if the company has issued new debt or reduced its debt outstanding. How much interest did the rm pay during the period?

3. Repeat the exercise with two other companies of your choice. Try to pick companies in dierent industries. Do you notice any patterns that might be due to the industrial environments in which the rms operate?