Go to www.mhhe.com/edumarketinsight. Select the Company tab and enter ticker symbol WB. Click on the Company Profile in the Compustat Reports section. What kind of firm is Wachovia?
In the EDGAR section, locate Wachovia's most recent Balance Sheet. This may be annual (10-K) or quarterly (10-Q). When you click on the link, the entire filing will appear. Scroll down until you find the Balance Sheet.
Calculate the common-size percentage for Wachovia's net worth, which equals total stockholders' equity divided by total assets. How does this percentage compare to the net worth of commercial banks from Table 1.3 in the textbook? Repeat the process for Bank of America (BAC) and US Bancorp (USB) and compare your answers.
