In teams, select a public company that interests you. Obtain the company’s most recent annual report on Form 10-K. The Form 10-K is a company’s annually required filing with the Securities and Exchange Commission (SEC). It includes the company’s financial statements and accompanying notes. The Form 10-K can be obtained either (a) by referring to the investor relations section of the company’s website or (b) by using the company search feature of the SEC’s EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html.

1. Based on the information in the company’s most recent annual report, answer the following questions:
a. How much long-term debt does the company report at the end of the most recent year presented?

b. Does the company have any bonds outstanding at the end of the most recent year? If so, read the supporting notes to the financial statements and determine the following:

(1) The due date of the bond issue(s).
(2) The contract rate of interest on the bond issue(s).
(3) The face amount of the bond issue(s).
(4) The book value of the bond issue(s).

2. Based on your answers to the questions in requirement 1, evaluate the company’s debt position. 10-K