Using the Emaar annual report perform the following:

1.1 Prepare 1. A “Summary of the message of the president” of the company or the CEO. a) Include in the summary each company’s annual financial performance as disclosed by the president of the company b) the sales and profit for the year c) projections for the future. c. Prepare a brief summary of the Auditor’s report and include “word by word the auditor opinion” d. Using the Balance sheet and income statement prepare a financial ratio analysis using the following ratios for 2019 and 2018 and comment if the company’s ratios improved in 2019 compared to 2018 and if the ratios disclose favorable or unfavorable performance.

2. Conclusion of the work performed and the company’s performance

3. Include in your answer the following Appendix Table:

Selected Financial Data 2019 – Emaar
	2019	2018	2019 – 2018 Increase (Decrease)
Sales
Cost of goods sold
% of cost of goods sold to sales
Gross Profit
% of Gross profit to sales
Net income
% of net income to sales
Total Assets
Current Assets
% of current assets to total assets
Long term assets
% of long term assets to total assets
Current Liabilities
% of current liabilities to total assets
Long term liabilities (Bonds Payable
% of long term liabilities to total assets
Total Liabilities
% of total liabilities to total assets
Equity Ordinary shares
Equity Premium
Equity Preference shares
Equity Premium
Total Equity
Retained earnings
Total stockholder’s equity
% of total equity to total assets
% of retained earnings to total assets