This project paper should be original article .

Please see the attachment.

Thank you!

Project Description For your final project, you are to choose two publicly traded companies in the same business or industry. The firms can be either peers or in a vertical alignment (Apple and IBM or Apple and Intel as examples). As an essential component to your corporate finance expertise, you are to conduct an analysis of the financial statements of each firm and, provide some backgrounds on each firm and, the industry/economy in which they operate. To support your analysis, you need to examine a variety of sources, including: the company profile, financial statements, managerial makeup, accounting statement footnotes, major market competitors and the economy in which these firms are operating. A central part of your evaluation will be a ratio analysis of each firm using balance sheet and income statements for the most recent (annual or quarterly) period. Be certain that both firms are assessed using a 'same period' (same year or same quarter) analysis...your analysis will largely flow from this information. Also, note that financial statements used are to be included as appendices to your final project paper submission (may be a separate attachment[s] or included to the paper.) Note that the 'paper size' to this project does not include attachments nor appendices...'body only' is included in the page count towards the project. Project Objectives: 1) Analyze financial statements of two publicly traded companies and make informed decisions about their respective financial positions. 2) Consider the global financial environments and any accounting/regulatory impacts that may affect either/both firm(s). 3) Evaluate each firms strengths and weaknesses based on the analysis of its financial statements. Analyze the impact of management performance on financial management and, to identify, assess risk. 4) Analyze what occurs within high levels of uncertainty, or when data are unavailable or unclear, especially in a global context. Evaluate data for completeness and accuracy. Project Components: 1.Firm Selections/Backgrounds... 2.Bibliography........................ 3.Final Project Paper................. Project Requirements: To achieve a successful project experience and outcome, you are expected to meet the following requirements. Your project paper should include these elements Title Page Abstract Part 1: Company Introductions. Include the description of publicly traded companies of your choosing along with a description of each firms internal and external environment, its major market(s), and, any other information that would be helpful to understand the company. This part may not be more than 4 or 5pages Part 2: Financial Statement Analysis. For each firm, include the inputs and resulting calculations for the following: 1) Current Ratio 2) Working Capital 3) Inventory Turnover Ratio (if applicable) 4) Debt to Equity Ratio 5) Return on Assets (ROA) 6) Return on Equity (ROE) 7) Earnings Per Share 8) Dividend Payout and Retention Percentages (if dividend paid) 9) Dividend Yield (presuming a common dividend is paid) 10) Current (most recent) balance sheet 11) Current (most recent) income statement Part 3: Financial Analysis. For your analysis, (will constitute the majority of your paper) include the following: 1) An evaluation of the financial position and managerial effectiveness of your chosen companies based upon the financial analysis in part 2. 2) An evaluation of the impact of each firm's capital, cash flow and overall WACC (Weighted Average Cost of Capital) on its financial status. 3) An evaluation of the effects of market risks and the firms organizational efficiencies on its ability to attract capital from both equity and debt markets. 4) Your summary analysis (good or bad) of each firm, and, which of the two firms is best deploying the assets/cash flows available to said firm. Tables (optional) Figures (optional) References Appendices: Include the company's financial statements that support your ratio analysis Written Communication: Written communication should be free of errors that detract from the overall message. APA formatting: Resources and citations should be formatted according to APA (6t edition) style and formatting. Length of paper: 12-16 typed double-spaced pages, not including appendices. Font Size: 12 point. Font type: Arial, Courier, Times New Roman