Using the annual report (link given) and ratios shared below, please answer following questions:-

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY4NTQ0fENoaWxkSUQ9LTF8VHlwZT0z&t=1&cb=636238232533148215

a) Do the stockholders derive most of their return from appreciation or dividends? How did the total stockholder return change over the last year? What explains the reasons for the change?

b) Based on the current ratios calculated, do you believe the corporation able to meet the current obligations as they become due? Why? Has the corporation established lines of credit with lenders to obtain working capital if needed?

c) Based on your assessment of the two liquidity ratios calculated, did the liquidity position of the corporation strengthen or weaken compared to the previous year? What were the reasons for the change, if any?

d) How did the debt position of the corporation change over the last year? What were the reasons for these changes if any?

e) Based on the ratios, what are the primary differences between the corporation and other companiesin the industry or the primary competitor? What specific ratios explain the reasons for these differences?

f) In your opinion, does the corporation compare favorably or unfavorably to the industry or the primary competitor (Quest) ? Give examples to support your conclusion

Laboratory Corporationg Quest Diagnostics Income Statement Common-Size Data Gross Profit/Sales Income from Continuing Operations/Sales 33.7% 38.6% 78% 8.6% Balance Sheet Common-Size Data Current Assets/Total Assets Current Liabilities Total Assets Liabilities/Total Assets Equity/Total Assets 17.4% 12.8% 61.2% 38.6% 15.2% 9.7% 53.1% 46.1% Profitability Ratios Profit Margin Return on Assets Return on Equity Dividend Payout Ratio 7.8% 5.2% 14% 0.0% 8.6% 6.4% 13.8% Liquidity Ratios Current Ratio Quick Ratio 1.36 1.56 0.96 Solvency Ratios Debt/Total Assets Times Interest Earned 0.61% 0.53% 6.04 8.51 imes imes Operational Ratios Receivable Turnover Inventory Turnover 7.4 imes imes 31.6 55.6 imes imes