a list of industries and companies with each industry via http://ca.finance.yahoo.com/investing (click on "Annual Reports" under "Tools"). Using a Web browser, each team member should then use the Internet to obtain the annual report for one Canadian publicly traded company in the industry, with each member selecting a different company.

Required:

On an individual basis, each team member should write a short report answering the following questions about the selected company. Discuss any patterns across the companies that you as a team observe. Then, as a team, write a short report comparing and contrasting your companies.

1. From the income statement, what is the company's earnings per share for the last three years?

2. Ratio analysis

a. What does the net profit margin ratio measure in general?

b. What does the return on equity ratio measure in general?

c. Compute these ratios for the last three years.

d. What do your results suggest about the company? (You may refer to the Management Discussion and Analysis section of the annual report to learn about the company's stated reasons for any change over time.)

e. If available, find the industry ratio for the most recent year, compare it to your results, and discuss why you believe the ratio for your company differs or is similar to the industry ratio.

3. List the accounts and amounts of accrued liabilities on the most recent statement of financial position. (You may find the detail in the notes to the statements.) What is the ratio of the total accrued liabilities to total liabilities?