Below is the SEC information for the last three-fiscal years.

Verizon Communications, Inc.

12-Months ending 12/31/2020: View Filing Data (sec.gov)

12-Months ending 12/31/2019: View Filing Data (sec.gov)

12-Months ending 12/31/2018: View Filing Data (sec.gov)

AT&T, Inc.

12-Months ending 12/31/2020: View Filing Data (sec.gov)

12-Months ending 12/31/2019: View Filing Data (sec.gov)

12-Months ending 12/31/2018: View Filing Data (sec.gov)

A1. Please calculate the Return on Investments (ROI) for FY 2020 and FY 2019 for both companies. Do not show your calculations, just provide the answers. Please use the Net Income Attributable to Common Stockholders. (14%)

Verizon AT&T

FY 2020 FY 2020

FY 2019 FY 2019

A2. In over 50-words, please explain to the broker the information provided by the Return-on-Investment ratio (10%)

A3. In over 100-words, which one of the two companies will you recommend to the broker? Why? (10%)