Use the Internet and do a general search on the name of a corporation of interest to you. Explore the website of the company you choose and locate your chosen company’s most recent Annual Report. You may need to look under a category that provides general information about the company and/ or investor information.

• Find and read the description of the company, including the type of business it is in. 
• Locate the company’s primary financial statements. See pages 507 – 508 in your textbook for a summary of ratios in Chapter 7 (Table 7.1). Calculate at least three of the listed ratios in each category. You should thus calculate at least 9 ratios in total! Show your work in calculating these ratios using Excel.

Your submission should an Excel file showing your work for the ratios you calculate, as detailed above. Be sure to write a brief statement describing what you have learned about your company’s liquidity and profitability. Additionally,. answer this question: Why is gaining an understanding of the industry and type of business an important starting point for financial statement analysis? Explain.