You are the newest analyst for a leading corporate financing company. Your job includes evaluating and

recommending approval of business loans. This is an exercise to prepare you for your role.

EDGAR is the Electronic Data Gathering, Analysis, and Retrieval system for companies required by law to file

forms with the U$.$S$.$ Securities and Exchange Commission $($SEC$).$

Search for Verizon Communications $($VZ$).$ Select the $10-$K annual report. Locate the financial statements and

footnotes.

Write a memo recommending the loan be approved or denied to include the following elements:

What is the total debt, and how has it changed from year to year, noting both lopg and short$-$term debt?

What types and amounts of debt obligatitus does Verizon have? How much is maturing in the next year?

$($Review Note $7)$

Verizon has long$-$term credit facllities, a commercial paper program, and asset$-$backed debt. Brieffy describe

what these mean.

Calculate the total debt to equity for both years. Show your calculations. $($Total Liabilities$/$Total

Stockholders Equity$)$

Would you recommend lending them additional funds and why?

Please take a look at the rubric for assignment grading.

Note: This assignment is for Learning Objective A$1-$ Demonstrate knowledge of financial concepts used in the

preparation of accounting reports.