Choose a company with an annual report you can obtain for review. Use the annual report to answer the following questions:
Regarding the company’s current liabilities:
- How does the company value its current liabilities and is this valuation justified?
- What were the company’s total current liabilities at the end of the fiscal year?
- What was the largest current liability? Describe other significant current liabilities as well.
- Is the company you selected involved in litigation? If so, what can be concluded from its disclosures regarding this litigation?