As a team, select an industry to analyze. MarketGuide provides lists of industries and their makeup at www.marketguide.com/mgi/INDUSTRY/INDUSTRY.html. Each group member should acquire the annual report or 10-K for one publicly traded company in the industry, with each member selecting a different company. (Library files, the SEC EDGAR service at www.sec.gov, Compustat CD. or the company's website are good sources. The Annual Report Gallery at www.reportgallery.con- provides links to the websites of well-known companies.) On an individual basis, each group member should write a short report answering the following questions about the selected company.

Discuss any patterns that you as a team observe. Then, as a team, write a short report comparing and contrasting your companies using the preceding list of six attributes.

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1. What types of products or services does it sell? 2. On what day of the year does its fiscal year end? 3. For how many years does it present complete a. Balance sheets? b. Income statements? c. Cash flow statements? 4. Are its financial statements audited by independent CPAs? If so, by whom? 5. Did its total assets increase or decrease over the last year? 6. Did its net income increase or decrease over the last year?