Objectives: You will select the financial data for one of two publicly$-$traded companies $($this means that the company$$s stock is bought and sold by the public on one of the stock exchanges$).$ First, you will locate the financial statements for the three years, $2019,2020,$ and $2021($all publicly traded companies have to report three $(3)$ years of income statements of income and stockholder$$s equity, and two $(2)$ years of balance sheets, every year. Second, you will calculate financial ratios from the accounting information presented in the financial statements and explain the trends,

whether favorable or unfavorable, and what it means. Third, you will read about what the top management discusses about the key products or services of the company, its strategies, strengths and weaknesses, related to the company this

past year and plans for the future. Complete the following:

Requirement $1.$ Locate the financial statements in the required annual report $($Form $10-$K$)$ of only one $(1)$ of the following companies for $2021$: MICROSOFT CORPORATION

For locating stock prices use Yahoo Finance.

Locate the table of contents and look it over $($links are embedded to get you to the information you are looking for. Locate the financial statements at Item $8$ and click on the link. Besides the accounting policies, there are income statements $($statement of operations$)$ three years, balance sheets $$ two years, statements of cash flows $-$ three years,and statements of stockholder$$s equity $-$ three years.

Requirement $2.$ Compute the following ratios, briefly describe what they measure, and what the changes may mean.$**$photo attached for this$***\backslash$table$[[$Ratio$,\backslash$table$[[$What the Ratio$],[$Measures $($its$],[$Purpose$)]],$Formula,$\backslash$table$[[$Computation$],[$for $2021$ and$],[2020]],$Change from $2020$ to $2021($in $\%)]]$