QUESTION: **Based on your analysis (using SWOT) would you recommend an individual invest in this company? What strengths do you see? What risks do you see? It is perfectly acceptable to state that you would recommend avoiding this company as long as you provide support for your position.

All calculations are provided below- only Recommendation and Conclusion is required

Debt to Asset 2019 Comparison Current Quick equity Turnover TIE ROA ROE Suncor 0.94 0.58 0.36 0.44 2.2 3.24 6.89 TC Energy Corp 0.59 0.34 1.54 0.13 2.5 4.47 15.6 Cenovus 1.3 0.7 0.35 0.57 3.2 6.14 11.43 Canadian Natural Resources Limited 0.68 0.5 0.6 0.29 6.1 15.48 6.93 Imperial Inc. 1.38 0.96 0.74 0.82 23 5.21 9.06Ratio Analysis Ratios 2019 2018 Current ratio 6,329/4,595 = 1.38 5,355/3,955 = 1.35 Quick ratio 1,718+2,699/4,595 = 0.96 988+2,529/3,955 = 0.89 Debt to equity ratio 17,911/24,276 = 0.74 16,967/24.489 = 0.69 Asset turnover ratio 34.101 35,099/41,821.50 = 0.84 42,187+41,456/2 34,101/41,821.50 = 0.82 Times interest earned | EBIT 2,046 3073 Financing cost 93 108 3073/108 = 28.43 2,046/93 = 22 Return on assets 2,200/42,187 = 5.21 2,314/41,456 = 5.58 Return on equity 2,200/24,276 = 9.06 2,314/24,489 =9.45Imperial Oil Common-size Consolidated balance sheet - Horizontal Analysis (in millions) At December 31, 2019 2019 2018 2019 2018 YOY Trend i.e. Previous Year Revenues and other S income Revenues 34, 002 34, 964 99.71% 99.62% 0.09% Investment and other 99 135 0.29% 0.38% (0.09%) income Total revenues and other 34, 101 35, 099 100.00% 100.00% 0.00% income Expenses Exploration 47 19 0.14% 0.05% 0.08% Purchases of crude oil and 20, 946 21, 541 51.42% 61.37% 0.05% products Production and 6,520 6, 121 19.12% 17.44% 1.68% manufacturing Selling and general 900 908 2.64% 2.59% 0.05% Federal excise tax and fuel 1,808 1,667 5.30% 4.75% 0.55% charge Depreciation and 1,598 1.555 4.69% 4.43% 0.26% depletion Non-service pension and 143 107 0.42% 0.30% 0.11% postretirement benefit Financing 93 108 D.27% 0.31% (0.03%) Total expenses 32, 055 32, 026 94.00% 91.24% 2.76% Income loss before income 2, 046 3, 073 6.00% 8.76% (2.76%) taxes Income taxes (154) 759 (0.45%) 2.16% [1.71%) Net income (loss) 2, 200 2, 314 6.45% 6.59% (0.14%)Imperial Oil Common-size Consolidated balance sheet - Horizontal Analysis (in millions) At December 31, 2019 2019 2018 2019 2018 YOY Trend i.e. Previous Year Assets S S Current assets Cash 1,718 988 4.07% 2.38% 1.69% Accounts receivable, less 2,699 2,529 6.40% 6.10% 0.03% estimated doubtful counts Inventories of crude oil 1,296 1,297 3.07% 3.13% (0.06%) and products Materials, supplies and 616 541 1.46% 1.30% 0.16% prepaid expenses Total current assets 6,329 5,355 15.00% 12.92% 2.08% Investments and long- 891 857 2.11% 2.07% 0.04% term receivables Property, plant and 34,203 34,225 81.07% 82.56% (1.48%) equipment, less accumulated depreciation and depletion Goodwil 186 186 0.44% 0.45% (0.01% Other assets, including 578 833 1.37% 2.01% (0.64%) intangibles, net Total assets 42.187 41.456 100% 100.00% Liabilities $ S S Current liabilities Notes and loans payable 229 202 0.54% 0.49% 0.06% Accounts payable and 4,260 3,688 10.10% 8.90% 1.20% accrued liabilities Income taxes payable 106 55 0.25% 0.16% 0.09% Total current liabilities 4,595 3,955 10.89% 9.54% 1.35% Long term debt 4,961 4,978 11.76% 12.01% (0.2%) Other long-term 3,637 2,943 8.62% 7.10% 1.52% obligations Deferred income tax 4,718 5,091 11.18% 12.28% (1.1%) liabilities Total liabilities 17,911 16,967 42.46% 40.93% 1.53% Shareholders' equity S S Common shares at stated 1,375 1,446 3.26% 3.49% (0.23%) value Earnings reinvested 24,812 24,560 58.81% 59.24% (0.43%) Accumulated other (1911] (1517) (4.53%) (3.66%) (0.87%) comprehensive income (loss) Total shareholders' equity | 24,276 24,489 57.54% 59.07% (1.53%