Company: Telus. Need 2019 Annual Report from the companys website.

Step 1: Download the 2019 Annual Report from the companys website. Since some companies issue financials in both Canadian and US dollars following different accounting rules (e.g., IFRS vs. US-GAAP), make sure to download the statements using Canadian dollars. Transfer the companys consolidated balance sheets and consolidated statements of operations (i.e., income statement) into an Excel workbook.

Step 2: Calculate the following ratios for the past 2 fiscal years.

Current ratio

Quick ratio

Inventory turnover

Days of inventory on hand

Accounts receivable

turnover Average

collection period

Asset turnover

Gross profit margin

Net profit margin

Total debt ratio

Return on assets

Return on equity

Interest coverage ratio

Step 3: Perform a 3-stage DuPont analysis. Note that this needs appropriate analysis, not just a calculation. (15 marks)