There are three (3) types of textbook based homework items located at the end of each chapter. These include Review Questions (RQ), Exercises (E), and Problems (P). Some homework items have been custom created.

Complete the following homework scenario:

Select one (1) U.S. publicly traded company and review its most recent Annual Report. (You may use one (1) of the three (3) companies you selected for your Stock Journal assignment.)

Use the Income Statement and Balance Sheet to determine the changes in:

assets, liabilities, and equity
total revenue and net income

Briefly describe the change from the current and prior years in each of these key areas and determine if the changes would be positive or negative from an investor / stockholder’s view. (note) This assignment is to be done on Best Buy.)