You are required to collect annual reports of the selected two companies for the financial years ending on June 30, 2020, and June 30, 2021. From the annual reports you will be required to conduct the following analyses. 1. What is the composition of the current liabilities of the studied companies? Segregate the current liabilities into trade payables, short term debts, employee related liabilities, tax liability, and other. Make comparative analysis of the two companies under study. 2. What criteria the studied companied use to recognize revenue? a. Identify the accounting standard for revenue recognition. Please mention the note number related to such disclosure in the annual reports. b. Compute the percentage of change in revenue for the companies for the year 2020 & 2021. 3. Compute the following ratios given below and comment critically. Show computations in a table. a. Basic Earnings per share (EPS) b. Diluted earnings per share (if any) c. Book value per share d. Price to earnings ratio e. Dividend payout ratio

4. Which company you would prefer as an investor? Your decision should be based on the ratios computed in requirement 3 and the year-end market price of the shares.