Evaluating Noncurrent Assets
Companies in different industries naturally use different assets in daily operations.
The differences are reflected in both type and amount of long term tangible assets. Locate, from 10 Ks on file with EDGAR the latest balance sheet and Notes to the Financial Statements for the following companies:
• Ameritech (telecommunications)
• Bank One (banking)
• Boeing (airplane manufacturing)
• Dole (food products)
• Southwest Airlines (air transportation)
Required
a. Before looking at the 10 Ks, list the types of long term tangible assets that would normally be included on each company’s balance sheet.
b. Identify the primary long term tangible assets for each company and determine the percent of total assets it represents.
c. Comment on any observed differences across these various industries.