Choose a company as directed by your instructor and do the following: 

a. Prepare a quick analysis of the non-current liability accounts by listing the beginning and ending amounts in these accounts and calculating the net change, in both dollar and percentage terms, for the most recent year. 

b. If any of the accounts changed by more than 10%, try to give an explanation for the change. 

c. What percentage of the company’s total liabilities is in the form of long-term bank loans? Long-term bonds? Have these percentages changed significantly over the last year? 

d. What interest rates is the company paying on its long-term debt?

e. Calculate the company’s debt to equity ratio and its times interest earned ratio. To the extent that you can, based on this limited analysis, comment on the company’s financial health in terms of its level of debt and interest expense. 

f. Read the company’s note on income taxes and identify whether the company has a deferred income tax liability or asset.
g. Read the company’s note on contractual commitments and identify the nature and amount of any commitments.