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The discussion activity for Module 4 entails visiting a firm's Web site, reviewing its balance sheet, and reporting on how the firm is financing investments in assets: preferred stock, common stock, and long-term debt. Here are the steps to follow:

1. Choose a firm whose stock is traded on stock exchanges, and then visit its Web site.

2.Go to the Investor Relations area of the Web site (or a similarly titled area such as Investor Information, Investors, Investor Resources, etc.), and then locate the firm's annual report (typically found under Financial Reports, Financial Statements, Financial Facts, Financial Document, or some such link).

3.From the report, determine how the firm is financing investment in assets: long-term debt, preferred stock, and common stock. Make sure to include web address (URL ).

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