For this assignment, you will apply financial analysis to real world companies. Choose an industry you are familiar with or have an interest in and look up at least three companies' financial statements online. Use the most recently published quarterly report to get the figures needed for this assignment. At the end of this document I've included some screenshots to show you how to find quarterly reports online. These are easily found on a search engine by typing in the company name followed by quarterly report". The quarterly report is also known as form 10-Q and will be found in the investors section of a corporation's web site under SEC filings. An industry is a collection of businesses that produce similar products. Examples of industries are automotive, healthcare, energy, and pharmaceuticals Focus on American corporations since privately owned companies financials aren't easily available and foreign corporations report under the International Financial Reporting Standard that we have not covered in this class. Most if not all of the information you will need for the assignment can be found on the balance sheet. 1. For each company post the link to the SEC filings page where the 10-Q can be downloaded 2. Choose at least four financial ratios to analyze. At least one must come from each of the three dimensions: liquidity, solvency, and profitability (earnings per share cannot be chosen). List the ratios you have chosen. 3. Compute the ratios for the companies you have chosen for the most recent quarter for the current year and the same quarter for the prior year (ie quarter 3, 2020 and quarter 2, 2019). Clearly label the information and show your work. 4. Use horizontal analysis to compare each company's prior year with their own current year. Quantify both the changes of a few assets, liabilities and equity categories (ie. current assets, long term liabilities, etc.) along with the change in the ratios you have chosen. Don't compare different companies to each other at this point. a. What were the changes since the last year? b. Which companies improved and which worsened? c. Use your understanding of financial ratios to explain how you know if a company improved or worsened. 5. Compare the companies' current year ratios to each other. If you had to choose one company to invest in, which would it be and why