First, obtain annual reports for the fiscal year ending in 2015 for Air Canada and WestJet in order to analyze financial statements for both companies.

1) Briefly evaluate these two companies in terms of EPS (earnings per share), price-to-earnings (P/E) ratio, total revenues, total expenses, total assets, total debt, and total equity for the fiscal years 2014 and 2015. For P/E ratio, use the most current stock price on the same day.

2) Compute return on assets (ROA), return on equity (ROE), profit margins, and gross profit margins for both companies for fiscal years 2015 and 2014. Remember to use average total assets and average stockholders' equity in your ratio calculations. The 2013 financial information should be used for computation of average balances for the 2014 ratios. Which firm is more profitable? Consider profitability in terms of overall ROA, ROE, profit margins, and gross profit margins. Show all your calculations.

Air Canada Annual Report: https://www.aircanada.com/content/dam/aircanada/portal/documents/PDF/en/annual-report/2015_ar.pdf

Air Canada Consolidated Report 2014: Has sales revenue information

https://www.aircanada.com/content/dam/aircanada/portal/documents/PDF/en/quarterly-result/2014/2014_FSN_q4.pdf

Air Canada Consolidated Report 2015: Has sales revenue information

https://www.aircanada.com/content/dam/aircanada/portal/documents/PDF/en/quarterly-result/2015/2015_FSN_q4.pdf

West Jet Annual Report:

https://www.westjet.com/assets/wj-web/documents/en/about-us/financialReports/WestJet2015AR.pdf