As part of this discussion calculate the following 4 ratios for your two companies for their past 2 financial years. You should be able to find their balance sheets and income statements online if you do not yet have their annual reports. Be sure to provide a link to the financial statements. You must use the annual report, from the company's own website, or from the SEC database. Quarterly financial statements should not be used to do ratios because (1) many companies are seasonal and quarterly numbers may not be representative of annual performance and (2) quarterly numbers are not audited, whereas annual financials are. Financial information provided by third parties like Yahoo Finance or Google Finance are not acceptable, as these numbers are not necessarily accurate. You must use the company's official annual report. If you go to the company website, and select the investor section, annual reports, or SEC filings you should get the correct information (which also might be in the form of a 10K report) Be sure to note the order of magnitude of the financial results. Look at the very top of each financial statement for this information. Show the ratio calculation for each year, the calculation result, and the interpretation of the numbers. I suggest you put it in tabular format and cut and paste into discussion to maintain formatting Do not post as an attachment. What do you note in the changes of ratios from year to year? Explain what the ratios mean. Do these ratios correlate with what you know about these companies? Be sure to provide the raw data so we can see how you calculated these ratios. Do not use calculated ratios you might find on financial websites. They are often incorrect or use old data.

1. Gross Profit margin

2. Profit Margin

3. Debt Ratio ( Liabilities/Assets)

4. Quick Ratio

Each student should check the four ratios of at least one other student by (1) going out to the website and verifying the numbers used, and (2) verifying the calculation results. Present your calculations.

RESULTS OF OPERATIONS 2022 FORM 10-K 31 RESULTS OF OPERATIONS 2022 FORM 10-K 31