Complete the requirements below using the most recent financial statements available on Westfarmers website.

Obtain the statements on the Internet by following the steps below. (The formatting of the companys website may have changed since these instructions were written.)

1. Go to https://www.wesfarmers.com.au/

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2. Click on the Annual Report link.
3. Go to the companys financial statements.

Required

1. What was the companys net income in each of the last three years?
2. What amount of total assets did the company have at the end of the most recent year?
3. How much retained earnings did the company have at the end of the most recent year?
4. For the most recent year, what was the companys cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities?
5. Because of the diversity of users, their different levels of knowledge, the varying information needs for particular decisions, and the general nature of financial statements, a variety of analysis techniques have been developed.

1. Explain the ratio method of analysis and how this technique appears to provide the most relevant information in a given situation in terms of the users, objectives, decisions and outcomes of the selected ratios.

2. Discuss and calculate 4 ratios of your choice based on data extracted from the financial statements. Briefly explain the interpretation of the result.