After identifying the three companies you want to research, you will need to obtain financial information on them to calculate the required financial ratios:

Access the MarketsLinks to an external site. section of the Wall Street JournalLinks to an external site.:

$1.$ Enter the stock symbol for the first of your selected companies in the Search bar in the upper right corner of the page.

$2.$ Click on More Company Research.

$3.$ Click on the Financials tab to obtain the income statement, balance sheet, and cash flow documents for your selected companies.

o In the drop$-$down box that appears, click on Income Statement, Balance Sheet, and Cash Flow to obtain these financial documents for your selected company.

$4.$ Repeat this process for your other two selected companies.

$5.$ Click on the Research & Ratings tab to obtain the company's closing stock price for the last day of the financial statement reporting period for use in your assignment.

o Click on Historical Prices in the drop$-$down box that appears.

$6.$ Enter the starting and ending dates for the most recent fully reported year $($for example, start date $=01/01/2020$; end date $=12/31/2020)$ to the left of the Go tab in the middle of the page.

$7.$ Click on Download a Spreadsheet on the right$-$hand side of the page.

$8.$ Note the company's stock closing price for the last day of the financial statement reporting period for use in your assignment.

$9.$ Repeat this process for your other two selected companies.

Use Reuters Markets & Finance NewsLinks to an external site. to obtain industry averages for each of your selected companies: