First, calculate the required financial ratios for each company (Visa and MasterCard) using their annual data from 2017 - 2019, and present in MS Excel.

Second, write a financial analysis report that utilizes your financial ratios and supported with written analysis,

For this project your team will prepare financial ratios in MS Excel using the accounting statements provided. Teams must provide the calculations for the ratios over a three year period (2017, 2018, 2019) for each company using the annual data. Calculations must be performed and submitted in an MS Excel spreadsheet for each.

Profitability Ratios

Gross Margin

Operating Margin

Net Profit Margin