This assignment is designed to utilize your financial analysis and critical thinking skills. For this assignment, you will calculate financial ratios for the three years $2020-2022($inclusive$)$ for a designated company and compare the results with industry averages found in Wharton Research Data Services $($WRDS$)$ Financial Ratios Visualization. Furthermore, you will provide a brief background of the company and address how the company is being managed. If you have never used WRDS before you will need to make an account using your university email. WRDS accounts require manual approval to register. Do not procrastinate on setting up your WRDS account! A separate file is included with instructions on how to set up the account.

Step $1$: Your last name will determine which company that you will analyze. Locate your designated company below. For example my last name starts with M so my designated company is Hormel Foods. Paycom

PAYC

Information Technology

Oklahoma City, Oklahoma

Step $2.$ Log into WRDS and download balance sheets and income statements for the above three years. Compute the financial ratios for your company. $($Look in chapter two and the appendix material $($book$)$ for financing ratio definitions.$)$ You are welcome to use EXCEL or do them with a calculator. For additional help finding the financial statements, see the instructions below and review the step$-$by$-$step video provided in WTClass courtesy of Dr$.$ Zhang.

Step $3.$ Go to WRDS Financial Ratios Visualization for $($GICS Sector$)$ industry information and compare your results with the industry averages you find. For this assignment, please use the industry averages that are located in WRDS$.$ For additional help finding the Industry averages, see the instructions below and review the step$-$by$-$step video provided in WTClass courtesy of Dr$.$ Zhang.

Step $4.$ Put your analysis in the format below or create your own so long as it is easy to read. Make sure you include all ratios, not just the current ratio. Make sure to include your numerator and denominator for the most recent year to show how you$$re calculating each ratio.