Company Analysis:

• Please use Microsoft Corp for your financial statement analysis;
• Download latest two years of annual financial statements of Microsoft Corp from its website or fromwww.sec.gov
• Identify Microsoft's industry or a major competitor (similar size) for comparison purposes for similar periods. (you may refer Nasdaq.com or other similar source to find cometitors)
• Calculate the ratios forProfitability, Liquidity, and Solvency (per Forecasting, Analysis and Modeling book section 2.6.1 to 2.6.3)for both Microsoft Corp and those of the industryORa major competitor and compare the ratios with either the company's industry or their major competitor.
• Identify and commenton how Microsoft Corp is performing in comparison to its industry and/or their major competitor.
• Your ratio calculations should be in MS Excel,using the formulas