Module 2 Ongoing Analysis Project An important part of learning is application. To learn accounting, we must practice the skills taught and apply those skills to real-world problems. To that end, we have designed a project to reinforce the lessons in each module and apply them to real world companies. By working through the questions in each module, you will complete a comprehensive analysis of two publicly traded companies that operating in roughly the same industry: Parker Hannifin and Illinois Tool Works. Questions require you to calculate and interpret a wide range of ratios. In later modules, you will create a set of forecasted financial statements for each company and then estimate a value for each company's equity. The analysis in this project is similar to the analysis performed by financial analysts, lenders, and investors. You might not aspire to those roles, but by completing a project of this magnitude, you will have mastered financial reporting at a sufficient level to be able to step into any role in an organization