EDGAR is the Electronic Data Gathering, Analysis, and Retrieval system for companies required by law to file forms with the U$.$S$.$ Securities and Exchange Commission $($SEC$).$

Search for Verizon Communications $($VZ$).$ Select the $10-$K annual report. Locate the financial statements and footnotes.

Write a memo recommending the loan be approved or denied to include the following elements:

What is the total debt, and how has it changed from year to year, noting both long and short$-$term debt?

What types and amounts of debt obligations does Verizon have? How much is maturing in the next year? $($Review Note $7)$

Verizon has long$-$term credit facilities, a commercial paper program, and asset$-$backed debt. Briefly describe what these mean.

Calculate the total debt to equity for both years. Show your calculations. $($Total Liabilities$/$Total Stockholders Equity$)$

Would you recommend lending them additional funds and why?