.(Financial Ratio Analysis) Select the benchmark for peer group analysis. You'll use two benchmarks in this assignment. One is your competitor's ratios and the other is industry averages (you can find industry averages from finance.yahoo.com or www.reuters.com or investing.money.msn.com). Make sure that you cite the source of industry averages.

1)Using the 2014 ratios from Question 2, compare your company's ratios to both competitor's and industry averages. Then describe how good or bad ratios of your company are considered.

2)Using 2013 & 2014 ratios for your company, compare your company's 2013 ratios with 2014 ratios and describe the similarities and differences

Industry Statistics per finance.yahoo.com

Market Capitalization:	264B
Price / Earnings:	39.1
Price / Book:	-11.3
Net Profit Margin (mrq):	4.2%
Price To Free Cash Flow (mrq):	-1160.3
Return on Equity:	7.5%
Total Debt / Equity:	118.9
Dividend Yield:	3.0%

Return on Assets Ratio = Net Income/ Total Average Assets, where total average assets = (Assets in the beginning+ assets in the end)

For PWS for year 2014,

Net Income = 1,26,516

Total Average Assets = (3,376,436+3,392,570)/2 = 3384503

Hence Return to Asset Ratio = 126516/3384503 = 0.037

For CWS, for year 2014,

Net Income = (27,404)

Total Average Assets = (649,897+663,119)/2 = 656508

ROA= - 0.041

PWS Income Statement and Balance Sheet

Period Ending		Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Total Revenue		2,008,997	2,026,039	1,896,741
Cost of Revenue		-	-	-
Gross Profit		2,008,997	2,026,039	1,896,741
	Operating Expenses
	Research Development	-	-	-
	Selling General and Administrative	1,500,198	1,504,425	1,384,912
	Non Recurring	-	-	-
	Others	285,605	296,491	274,118
	Total Operating Expenses	-	-	-
Operating Income or Loss		241,099	232,916	237,711
	Income from Continuing Operations
	Total Other Income/Expenses Net	(6,159)	11,896	(18,763)
	Earnings Before Interest And Taxes	234,940	246,052	235,872
	Interest Expense	61,917	60,754	57,428
	Income Before Tax	173,023	185,298	178,444
	Income Tax Expense	33,676	58,443	67,122
	Minority Interest	-	-	-
	Net Income From Continuing Ops	144,421	125,763	94,357
	Non-recurring Events
	Discontinued Operations	-	-	-
	Extraordinary Items	-	-	-
	Effect Of Accounting Changes	-	-	-
	Other Items	-	-	-
Net Income		126,516	117,970	94,357
Preferred Stock And Other Adjustments		-	-	-
Net Income Applicable To Common Shares		126,516	117,970	94,357

Period Ending		Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Assets
Current Assets
	Cash And Cash Equivalents	42,157	32,478	30,416
	Short Term Investments	-	-	-
	Net Receivables	217,894	232,147	242,326
	Inventory	-	-	-
	Other Current Assets	35,589	37,035	40,335
Total Current Assets		295,640	301,660	313,077
Long Term Investments		6,352	5,659	4,134
Property Plant and Equipment		1,004,029	957,499	947,233
Goodwill		937,294	905,347	929,114
Intangible Assets		165,929	220,078	287,847
Accumulated Amortization		-	-	-
Other Assets		952,775	983,290	974,096
Deferred Long Term Asset Charges		14,417	19,037	20,060
Total Assets		3,376,436	3,392,570	3,475,561
Liabilities
Current Liabilities
	Accounts Payable	282,606	255,552	270,061
	Short/Current Long Term Debt	5,428	5,969	6,907
	Other Current Liabilities	42,400	40,437	30,400
Total Current Liabilities		330,434	301,958	307,368
Long Term Debt		1,552,617	1,542,289	1,681,370
Other Liabilities		137,744	128,865	110,447
Deferred Long Term Liability Charges		126,848	129,887	103,795
Minority Interest		-	-	-
Negative Goodwill		-	-	-
Total Liabilities		2,147,643	2,102,999	2,202,980
Stockholders' Equity
Misc Stocks Options Warrants		-	-	-
Redeemable Preferred Stock		-	-	-
Preferred Stock		-	-	-
Common Stock		1,734,372	1,773,734	1,773,530
Retained Earnings		(377,172)	(398,414)	(451,539)
Treasury Stock		-	-	-
Capital Surplus		4,023	2,796	2,166
Other Stockholder Equity		(132,430)	(88,545)	(51,576)
Total Stockholder Equity		1,228,793	1,289,571	1,272,581
Net Tangible Assets		125,570	164,146	55,620

CWS Inome and Balance Sheet

Period Ending		Apr 30, 2014	Apr 30, 2013	Apr 30, 2012
Assets
Current Assets
	Cash And Cash Equivalents	2,540	1,831	4,610
	Short Term Investments	-	-	-
	Net Receivables	55,570	52,547	52,465
	Inventory	3,905	3,494	3,503
	Other Current Assets	8,790	6,673	6,778
Total Current Assets		70,805	64,545	67,356
Long Term Investments		16,752	20,399	22,925
Property Plant and Equipment		403,424	422,502	416,717
Goodwill		119,139	115,928	101,706
Intangible Assets		13,420	11,674	2,970
Accumulated Amortization		-	-	-
Other Assets		26,357	28,071	22,069
Deferred Long Term Asset Charges		-	-	-
Total Assets		649,897	663,119	633,743
Liabilities
Current Liabilities
	Accounts Payable	88,861	86,880	79,680
	Short/Current Long Term Debt	885	1,218	1,228
	Other Current Liabilities	-	-	338
Total Current Liabilities		89,746	88,098	81,246
Long Term Debt		507,134	494,987	473,381
Other Liabilities		54,600	57,785	55,549
Deferred Long Term Liability Charges		6,954	6,798	5,336
Minority Interest		(130)	4,166	1,800
Negative Goodwill		-	-	-
Total Liabilities		658,304	651,834	617,312
Stockholders' Equity
Misc Stocks Options Warrants		-	-	-
Redeemable Preferred Stock		-	-	-
Preferred Stock		-	-	-
Common Stock		401	397	270
Retained Earnings		(347,472)	(324,377)	(270,235)
Treasury Stock		-	-	-
Capital Surplus		338,625	335,857	288,348
Other Stockholder Equity		39	(592)	(1,952)
Total Stockholder Equity		(8,407)	11,285	16,431
Net Tangible Assets		(140,966)	(116,317)	(88,245)

Period Ending		Apr 30, 2014	Apr 30, 2013	Apr 30, 2012
Total Revenue		497,633	455,335	467,950
Cost of Revenue		354,592	323,014	318,068
Gross Profit		143,041	132,321	149,882
	Operating Expenses
	Research Development	-	-	-
	Selling General and Administrative	62,931	63,324	60,395
	Non Recurring	7,855	-	40,746
	Others	60,339	56,576	58,415
	Total Operating Expenses	-	-	-
Operating Income or Loss		11,916	12,421	(11,033)
	Income from Continuing Operations
	Total Other Income/Expenses Net	1,091	(18,919)	(11,434)
	Earnings Before Interest And Taxes	12,664	(10,939)	(31,102)
	Interest Expense	38,175	41,570	45,008
	Income Before Tax	(25,511)	(52,509)	(76,110)
	Income Tax Expense	1,799	(2,526)	1,593
	Minority Interest	4,309	321	6
	Net Income From Continuing Ops	(27,310)	(49,983)	(77,703)
	Non-recurring Events
	Discontinued Operations	(94)	(4,480)	111
	Extraordinary Items	-	-	-
	Effect Of Accounting Changes	-	-	-
	Other Items	-	-	-
Net Income		(27,404)	(54,463)	(77,592)
Preferred Stock And Other Adjustments		-	-	-
Net Income Applicable To Common Shares		(23,095)	(54,142)	(77,586)