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Assignment 1 Using 2019 and 2020 common size balance sheets and income statements for Bank of Nova Scotia and Newtek Business Services, describe how each
Assignment 1
- Using 2019 and 2020 common size balance sheets and income statements for Bank of Nova Scotia and Newtek Business Services, describe how each company is similar to or different from the benchmark.
- Do the time trend analysis and describe how each company changes over time.
- Using the balance sheet and income statement for each company, compute the following financial ratios for each company: 1) current ratio, 2) quick ratio, 3) debt-to-equity ratio, 4) times interest earned ratio (Interest coverage ratio) 5) inventory turnover, 6) receivable turnover, 7) total asset turnover, 8) profit margin, 9) return on asset (ROA), 10) Return on equity (ROE), 11) price-earnings ratio, 12) market-to-book ratio.
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