You are evaluating your current portfolio of investments to determine those that are not performing to your expectations. You have all of the companies' most recent annual reports.

Required:

For each of the following, indicate where you would locate the information in an annual report. (Hint: The information may be in more than one location.) (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)

1. Description of a company's primary business(es). Statement of cash flows Summary of significant accounting policies note Letter to shareholders Management's Discussion and Analysis 2. Income taxes paid. Balance sheet Notes Income statement Statement of cash flows 3. Accounts receivable. Income statement Summary of significant accounting policies note Balance sheet Management's Discussion and Analysis 4. Cash flow from operating activities. Summary of significant accounting policies note Statement of cash flows Notes Letter to shareholders 5. Description of a company's revenue recognition policy. Letter to shareholders Summary of significant accounting policies note Income statement Management's Discussion and Analysis 6. The inventory sold during the year. Summary of significant accounting policies note Income statement (Cost of Goods Sold) Management's Discussion and Analysis Letter to shareholders 7. The data needed to compute the net profit margin ratio. Letter to shareholders Income statement Notes Summary of significant accounting policies