PART 4: FINANCIAL STATEMENT ANALYSIS (30\%) a. Obtain the financial statements (income statement, balance sheet) of any company (publiclylisted, closely-held or even your own company) for at least 2 years (latest will be year-ended 2016) and perform a horizontal/trend analysis. Calculate the total amount of change (in PhP), \% of change and provide for an explanation on the reason/s for movement (either increase/decrease) b. Calculate the company's current ratio and quick ratio for the current year. Assess company's liquidity position either by comparing it with the competitor/peer OR evaluating it over the years (i.e. how was it changed over time? Is it improving, deteriorating, stabilizing and why?) c. Calculate the company's profitability ratios for the current year (i.e. gross profit ratio, operating profit ratio, net profit ratio). Assess the company's profitability by comparing it with the competitor/peer OR evaluating it over the years (i.e how was it changed over item? Is it improving, deteriorating, stabilizing and why?) d. Calculate the company's activity/asset management ratios for the current year (i.e. accounts receivable turnover, average collection period, inventory turnover, average sale period, average payment period). Assess the company's asset management/activity performance by comparing it with the competitor/peer OR evaluating it over the years (i.e. how was it changed over time? Is it improving, deteriorating, stabilizing and why?) e. Calculate the company's debt management ratios for the current year (i.e. debt ratio, times interest earned ratio). Assess the debt management by comparing it with the competitor/peer OR evaluating it over the years (i.e. how was it changed over time? Is it improving, deteriorating, stabilizing and why?) f. Give your value adding suggestions/recommendations on how to improve the company's liquidity, profitability, asset management and debt management performance based on your operational and financial understanding of the company being reviewed. PART 4: FINANCIAL STATEMENT ANALYSIS (30\%) a. Obtain the financial statements (income statement, balance sheet) of any company (publiclylisted, closely-held or even your own company) for at least 2 years (latest will be year-ended 2016) and perform a horizontal/trend analysis. Calculate the total amount of change (in PhP), \% of change and provide for an explanation on the reason/s for movement (either increase/decrease) b. Calculate the company's current ratio and quick ratio for the current year. Assess company's liquidity position either by comparing it with the competitor/peer OR evaluating it over the years (i.e. how was it changed over time? Is it improving, deteriorating, stabilizing and why?) c. Calculate the company's profitability ratios for the current year (i.e. gross profit ratio, operating profit ratio, net profit ratio). Assess the company's profitability by comparing it with the competitor/peer OR evaluating it over the years (i.e how was it changed over item? Is it improving, deteriorating, stabilizing and why?) d. Calculate the company's activity/asset management ratios for the current year (i.e. accounts receivable turnover, average collection period, inventory turnover, average sale period, average payment period). Assess the company's asset management/activity performance by comparing it with the competitor/peer OR evaluating it over the years (i.e. how was it changed over time? Is it improving, deteriorating, stabilizing and why?) e. Calculate the company's debt management ratios for the current year (i.e. debt ratio, times interest earned ratio). Assess the debt management by comparing it with the competitor/peer OR evaluating it over the years (i.e. how was it changed over time? Is it improving, deteriorating, stabilizing and why?) f. Give your value adding suggestions/recommendations on how to improve the company's liquidity, profitability, asset management and debt management performance based on your operational and financial understanding of the company being reviewed