Question: 1. Go to the home page of a large corporate and find its latest financial or annual reports. Look for key words in the income statement that appear in this chapter, such as sales, gross profits, and net income. Based on this, list five internal and external readers of the financial statements.
2. Go to the Wall Street Journal home page at www.wsj.com and find any one firm's earnings announcements. What did you learn about the company from the announcements? Also, search for the firm's main competitor to find the same information.