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"Doris Wise is a young career woman. She lives in Phoenix, Arizona, where she owns and operates a ,highly successful modeling agency. Doris manages her modest but rapidly growing investment ,portfolio, made up mostly of high-grade common stocks. Because she’s young and single and has no ,pressing family requirements, Doris has invested primarily in stocks that offer the potential for ,attractive capital gains. Her broker recently recommended an auto company stock and sent her some ,literature and analytical reports to study. One report, prepared by the brokerage house she deals with, ,provided an up-to-date look at the economy, an extensive study of the auto industry, and an equally ,extensive review of several auto companies (including the one her broker recommended). She feels ,strongly about the merits of security analysis and believes it is important to spend time studying a stock ,before making an investment decision. ,,Questions ,,a. Dories tries to stay informed about the economy on a regular basis. At the present time, most ,economists agree that the economy, now well into the third year of recovery, is healthy, with industrial ,activity remaining strong. What other information about the economy do you think Doris would find ,helpful in evaluating an auto stock? Prepare a list-and be specific. Which three items of economic ,information (from your list) do you feel are most important? Explain. ,,

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