For a wider choice of financial statements, you might go to www.annualreports.com. Browse through this site to see the wide range of companies, listed in different international stock exchanges, included here. How many stock exchanges are covered by this site? Select a large non-financial company and find its latest financial statements. For this company, draw up a simplified statement of financial position, income statement, and statement of cash flows as in Tables 3.1, 3.2, and 3.4. Some companies’ financial statements can be extremely complex; try to find a relatively straightforward business. Also, as far as possible, use the same headings as in these tables, and do not hesitate to group some items as “other current assets” or “other expenses,” etc. Look first at your simplified balance sheet. How much was the company owed by its customers in the form of unpaid bills? What liabilities does the company need to meet within a year? What was the original cost of the company’s fixed assets? Now look at the income statement. What were the company’s earnings before interest and taxes (EBIT)? Finally, turn to the cash flow statement. Did changes in working capital add to cash or use it up?