Each member of the team should select a large corporation and go to its Web site. Surf around until you find the company’s balance sheet. Often the appropriate tab is labeled as one of the following:

● Investor Relations

● About the Company

● Financial Reports

● 10-K Report

From the company’s balance sheet, scroll down until you find the liabilities.

Requirements

1. List all the company’s liabilities—both current and long-term—along with each amount.

2. Read the company’s notes to the financial statements and include any details that help you identify the amount of a liability.

3. Compute the company’s current ratio and debt ratio.

4. Bring your findings to your team meeting, compare your results with those of your team members, and prepare either a written report or an oral report, as directed by your instructor.