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

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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

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?