If you purchased a new copy of this text, you will have received a pass code card with access information for S & P's Educational Version of Market Insight. Access to this site is required to answer the following questions.

1		Find Microsoft (MSFT) and Rogers Communication (RG) on MarketInsight (www.mcgrawhill.ca/edumarketinsight), and briefly describe their main businessactivities. Examine the financial statements of each. Which firm uses more debtfinance? Which firm has higher cash as percentage of total assets? Which has higher profitsper dollar of total assets? Which has higher profits per dollar of shareholders' equity?How have these ratios varied over time?
2		Go to www.mcgrawhill.ca/edumarketinsight. Continue with Microsoft and Rogers Communications in the previous problem. For each, use the statement of cash flows to calculate cash flow from assetsand financing flow for each year. Treat interest as a financing flow, not as an operating flow. Get the interest expense from the income statement. Describe the cash flows of eachcompany.