1. Using 2020 common-size balance sheet and income statement, compare your company with the benchmark, and describe how your company is similar to or different from the benchmark.

2. Using 2019 & 2020 common-size balance sheet and income statement of each company, do the time trend analysis and describe how each company changes over time.

3. (Financial Ratio Analysis) Using 2019 & 2020 Balance sheet & Income statement for each company, compute the following financial ratios for each company: (25 points)

Current ratio, Quick ratio, Debt-to-equity ratio, Times interest earned ratio (Interest coverage ratio), Inventory Turnover, Receivable turnover, Total asset turnover, Profit margin, Return on Asset (ROA), Return on Equity (ROE), Price-earnings ratio, and Market-to-book ratio

4. (Financial Ratio Analysis) Select the benchmark for peer group analysis.

- 9/29/21, 8:02 PM term Volun Elman BNS 61.78 -0.29 -0.47%: The Bank of Nova Scotia - Yahoo Finance Income Statement Currency in CAD. Al numbers in thousands ONS Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown > Total Revenue TTM 10/31/2020 10/31/2019 10/31/2018 30,932,000 31,094.000 30,384,000 28,216,000 Credit Losses Provision -4,727,000 -6,084,000 -3,027,000 -2,611,000 > Nan Interest Expense 16,115,000 16,573,000 16,292,000 14,467,000 261,000 242,000 650.000 559.000 Income from Associates & Othe... > Special Income Charges -201,000 -283.000 -445,000 -591,000 Protax Income 10,150,000 8,396,000 11,270,000 11,106,000 Tax Provision 2,093,000 2,382,000 1,543,000 2.472,000 > Net Income Common Stockh.. 7,631,000 6,582,000 8,208,000 8,361,000 6,000 142,000 16,000 Average Dilution Earnings 93.000 8,377.000 Diluted NI Available to Com Sto... 7.724,000 6,588.000 8,350,000 6.72 6.90 5.43 Basic EPS 5.30 6.68 6.82 Diluted EPS 1,212,000 1,222,000 1,213,000 Basic Average Shares 1.243,000 1,251,000 1,229,000 Diluted Average Shares 14,150,000 11.236,000 13,580,000 INTEREST INCOME AFTER_... 12,311,000 6,778.000 7,856,000 8,390,000 8,548,000 Net Income from Continuing & ... 7,008,928 8,017,303 8,737,545 9,011,935 Normalized Income 700,000 365.000 1,430,000 1,305,000 Total Money Market Investments 1,546,000 1,539,000 1,053,000 848,000 Reconciled Depreciation 8,548,000 8,390,000 7.856,000 6,778,000 Net Income from Continuing Op... Tolal Unusual Items Excluding ... -283,000 -201.000 -445,000 -591,000 -283,000 -445,000 -591,000 -201,000 Total Unusual Items 0 0 0 0 Tax Rate for Calcs -39,697 -52,072 -97.455 Tax Effect of Unusual Items 9/29/21, 8:04 PM BNS 61.78 -0.29-0.47%: The Bank of Nova Scotia - Yahoo Finance Balance Sheet Currency in CAD. All numbers in thousands BNS Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown 10/31/2020 10/31/2019 10/31/2018 10/31/2017 > Total Assets 1,136,466,000 1,086,161,000 998,493,000 915,273,000 > Total Liabilities Net Minority I... 1,065,963,000 1,015,969,000 930,813,000 853,648,000 70,503,000 70,192,000 67,680,000 61,625,000 > Total Equity Gross Minority I... Total Capitalization Preferred Stock Equity 226,078,000 207.760,000 208,490,000 183,504,000 5,308,000 3,884,000 4,184,000 4,579,000 Common Stock Equity 62,819,000 63,638,000 61,044,000 55,454,000 Capital Lease Obligations 3,475,000 Net Tangible Assets 51,112,000 50,057,000 47,509,000 47,927,000 Invested Capital 278,069,000 317,392,000 297,668,000 272,570,000 45,804,000 46,173,000 43,325,000 43,348,000 Tangible Book Value 218,725,000 253,754,000 236,624,000 Total Debt 217,116,000 137,609,000 203,325,000 171,164,000 151,736,000 Net Debt 1,216,132 1,211,479 1,227,028 1,199,232 Share Issued 1,211,479 1,216,132 1,227,028 1,199,232 Ordinary Shares Number Ta 9/29/21, 8:07 PM NEWT 27.55 0.29 1.06% : Newtek Business Services Corp. - Yahoo Finance SA Balance Sheet All numbers in thousands Newtek Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown 12/31/2020 12/31/2019 12/31/2018 12/31/2017 > Total Assets 840,979 797,411 653,341 519,611 > Total Liabilities Net Minority I... 501,626 475,185 365,896 241,282 > Total Equity Gross Minority I... 339,353 322.226 287,445 278,329 Total Capitalization 791,135 754,154 619,075 494,581 Common Stock Equity 339,353 322,226 287,445 278,329 9,897 Capital Lease Obligations Net Tangible Assets 339.353 322,226 287.445 278,329 72,515 62,318 21,520 Working Capital 791,135 754,154 619,075 Invested Capital 494,581 339,353 322,226 287,445 278,329 Tangible Book Value 441,825 460,479 331,630 216,252 Total Debt 449,709 213,788 430,166 329,314 Net Debt 20,530 18,919 21,970 18,457 Share Issued 21,970 18,457 20,530 18,919 Ordinary Shares Number 8:06 PM NEWT 27.550.29 1.06%: Newtek Business Services Corp. - Yahoo Finance Income Statement All numbers in thousands NewTek Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown TTM 12/31/2020 > Total Revenue 12/31/2019 12/31/2018 113,722 74,959 88,791 77,743 > Special Income Charges -293 -1,008 Pretax Income 64,121 32,620 44,299 36,755 Tax Provision 1.218 -999 3,164 1.077 > Net Income Common Stockh... 62,903 33,619 41,135 35,678 Diluted NI Available to Com Sto... 62,903 33,619 41,135 35,678 Basic EPS 1.59 2.13 1.91 Diluted EPS 1.59 2.13 1.91 Basic Average Shares 21,146 19,326 18,714 Diluted Average Shares 21,146 19,326 18,714 Net Income from Continuing & ... 62,903 33,619 41,135 35,678 Normalized Income 62,903 33,619 41,135 35,678 EBIT - 64,721 52,821 Reconciled Depreciation 348 402 501 484 62,903 33,619 41,135 35,678 Net Income from Continuing Op... Total Unusual Items Excluding ... 50,401 43,175 Total Unusual Items 50,401 43,175 Normalized EBITDA 14,821 10,130 0 0 0 Tax Rate for Calcs 0 0 0 Tax Effect of Unusual Items 0 0 - 9/29/21, 8:02 PM term Volun Elman BNS 61.78 -0.29 -0.47%: The Bank of Nova Scotia - Yahoo Finance Income Statement Currency in CAD. Al numbers in thousands ONS Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown > Total Revenue TTM 10/31/2020 10/31/2019 10/31/2018 30,932,000 31,094.000 30,384,000 28,216,000 Credit Losses Provision -4,727,000 -6,084,000 -3,027,000 -2,611,000 > Nan Interest Expense 16,115,000 16,573,000 16,292,000 14,467,000 261,000 242,000 650.000 559.000 Income from Associates & Othe... > Special Income Charges -201,000 -283.000 -445,000 -591,000 Protax Income 10,150,000 8,396,000 11,270,000 11,106,000 Tax Provision 2,093,000 2,382,000 1,543,000 2.472,000 > Net Income Common Stockh.. 7,631,000 6,582,000 8,208,000 8,361,000 6,000 142,000 16,000 Average Dilution Earnings 93.000 8,377.000 Diluted NI Available to Com Sto... 7.724,000 6,588.000 8,350,000 6.72 6.90 5.43 Basic EPS 5.30 6.68 6.82 Diluted EPS 1,212,000 1,222,000 1,213,000 Basic Average Shares 1.243,000 1,251,000 1,229,000 Diluted Average Shares 14,150,000 11.236,000 13,580,000 INTEREST INCOME AFTER_... 12,311,000 6,778.000 7,856,000 8,390,000 8,548,000 Net Income from Continuing & ... 7,008,928 8,017,303 8,737,545 9,011,935 Normalized Income 700,000 365.000 1,430,000 1,305,000 Total Money Market Investments 1,546,000 1,539,000 1,053,000 848,000 Reconciled Depreciation 8,548,000 8,390,000 7.856,000 6,778,000 Net Income from Continuing Op... Tolal Unusual Items Excluding ... -283,000 -201.000 -445,000 -591,000 -283,000 -445,000 -591,000 -201,000 Total Unusual Items 0 0 0 0 Tax Rate for Calcs -39,697 -52,072 -97.455 Tax Effect of Unusual Items 9/29/21, 8:04 PM BNS 61.78 -0.29-0.47%: The Bank of Nova Scotia - Yahoo Finance Balance Sheet Currency in CAD. All numbers in thousands BNS Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown 10/31/2020 10/31/2019 10/31/2018 10/31/2017 > Total Assets 1,136,466,000 1,086,161,000 998,493,000 915,273,000 > Total Liabilities Net Minority I... 1,065,963,000 1,015,969,000 930,813,000 853,648,000 70,503,000 70,192,000 67,680,000 61,625,000 > Total Equity Gross Minority I... Total Capitalization Preferred Stock Equity 226,078,000 207.760,000 208,490,000 183,504,000 5,308,000 3,884,000 4,184,000 4,579,000 Common Stock Equity 62,819,000 63,638,000 61,044,000 55,454,000 Capital Lease Obligations 3,475,000 Net Tangible Assets 51,112,000 50,057,000 47,509,000 47,927,000 Invested Capital 278,069,000 317,392,000 297,668,000 272,570,000 45,804,000 46,173,000 43,325,000 43,348,000 Tangible Book Value 218,725,000 253,754,000 236,624,000 Total Debt 217,116,000 137,609,000 203,325,000 171,164,000 151,736,000 Net Debt 1,216,132 1,211,479 1,227,028 1,199,232 Share Issued 1,211,479 1,216,132 1,227,028 1,199,232 Ordinary Shares Number Ta 9/29/21, 8:07 PM NEWT 27.55 0.29 1.06% : Newtek Business Services Corp. - Yahoo Finance SA Balance Sheet All numbers in thousands Newtek Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown 12/31/2020 12/31/2019 12/31/2018 12/31/2017 > Total Assets 840,979 797,411 653,341 519,611 > Total Liabilities Net Minority I... 501,626 475,185 365,896 241,282 > Total Equity Gross Minority I... 339,353 322.226 287,445 278,329 Total Capitalization 791,135 754,154 619,075 494,581 Common Stock Equity 339,353 322,226 287,445 278,329 9,897 Capital Lease Obligations Net Tangible Assets 339.353 322,226 287.445 278,329 72,515 62,318 21,520 Working Capital 791,135 754,154 619,075 Invested Capital 494,581 339,353 322,226 287,445 278,329 Tangible Book Value 441,825 460,479 331,630 216,252 Total Debt 449,709 213,788 430,166 329,314 Net Debt 20,530 18,919 21,970 18,457 Share Issued 21,970 18,457 20,530 18,919 Ordinary Shares Number 8:06 PM NEWT 27.550.29 1.06%: Newtek Business Services Corp. - Yahoo Finance Income Statement All numbers in thousands NewTek Get access to 40+ years of historical data with Yahoo Finance Plus Essential. Learn more Breakdown TTM 12/31/2020 > Total Revenue 12/31/2019 12/31/2018 113,722 74,959 88,791 77,743 > Special Income Charges -293 -1,008 Pretax Income 64,121 32,620 44,299 36,755 Tax Provision 1.218 -999 3,164 1.077 > Net Income Common Stockh... 62,903 33,619 41,135 35,678 Diluted NI Available to Com Sto... 62,903 33,619 41,135 35,678 Basic EPS 1.59 2.13 1.91 Diluted EPS 1.59 2.13 1.91 Basic Average Shares 21,146 19,326 18,714 Diluted Average Shares 21,146 19,326 18,714 Net Income from Continuing & ... 62,903 33,619 41,135 35,678 Normalized Income 62,903 33,619 41,135 35,678 EBIT - 64,721 52,821 Reconciled Depreciation 348 402 501 484 62,903 33,619 41,135 35,678 Net Income from Continuing Op... Total Unusual Items Excluding ... 50,401 43,175 Total Unusual Items 50,401 43,175 Normalized EBITDA 14,821 10,130 0 0 0 Tax Rate for Calcs 0 0 0 Tax Effect of Unusual Items 0 0