Download the 2019 Annual Report from the company's website. The following is the link -

https://www.telus.com/en/about/investor-relations/reports/annual-reports/2019

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.

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.

Step 4:Comment on any areas of strength or weakness of the company, based on your results of Steps 2 and 3 above. Make sure to look, not just at absolute levels, but also trends over time in solvency, liquidity, profitability, and asset management ratios

Step 5:Compare your results with the management discussion and analysis in the annual report. Examine any differences between their comments and your analysis.

Step 6:Explain whether there would be any difference to your analysis if you were an investor or if you were the CFO. How would the data quality differ in those two roles?