This project for an accounting cost course challenges students to analyze the SEC 10-K report of a publicly traded US manufacturing corporation. Students will prepare a paper analyzing financial statements, compare to a non-manufacturing company, and identify opportunities. They will also create a spreadsheet with key financial metrics and ratios. Finally, students give a presentation identifying analysis, ratios, cost of goods sold, product line profitability, and recommendations. The goal is for students to review, interpret, and report on a corporation using its SEC filing.