Case instructions and grading scheme.

Perform the vertical and horizontal analysis and calculate the ratios as instructed (33.1 points-33.1 of your grade). Fill the grey cells by using Excel formulas or cells referencing NOT hardcoding. You will not earn credit for hardcoding (entering the figures manually).

You are a financial analyst. Based on your analysis of Sherwin-Williams Co (SW) financial statements, provide a report to guide investors whether SW is a buy (keep) or sell stock. Your report should include the following (66.9points-61.3% of your grade):

a. An interpretation of trends illustrated by supportive ratios, horizontal and vertical analysis and focus on the main ratios that tell the story. (a minimum of 2 pages-not to exceed 3 pages, single space, 12 font size).

i. horizontal and vertical analysis-10 points

ii. Liquidity analysis-10 points

iii. Profitability analysis-10 points

iv. Solvency analysis -10 points

b. How did SW perform compared to the industry? (1 paragraph)- 7 points

c. What additional information do you suggest could influence the investment decision? Do some research about the company. (1 paragraph) 10 points

d. Your informed recommendation (buy or sell) about SWwith justifications. What is your general impression about SW? Support your conclusion (1-2 paragraph) 10 points