Each chapter in the textbook contains a continuation of this problem. The objective is to learn how to do a comprehensive financial statement analysis in steps as you learn the content of each chapter. Each team in the class should select a publicly traded company in a different industry. For example, industries chosen could be in retail, technology, manufacturing, pharmaceutical, airline, social media, or another industry of your choice.

Requirements to complete the case are as follows:

(a) Each student should access the Form 10-K for the company and Review Item 1 required by the SEC. Write a summary of the important items learned from reading this section.

(b) Each student should access periodical and online articles about the company and the industry in which the company operates. Summarize information that would be helpful in understanding the company’s financial condition as well as future plans.

(c) As a team, compare your summaries for part (a) and write one summary for the group, after agreeing on the most important items that should be included.

As a team, compare your summaries for part (b) and write one summary for the group, after agreeing on the most important items that should be included.