Search for the most recent annual report for any 2 companies(public corporations, which are trading their shares in a stock markets), which are operating in the same industry (location, scope of work and market are not important!). Describe the companies what do they do, review the financial statements for both companies and answer the following questions:

1. Comment on the liquidity of the companies. For which company is liquidity more important? Why?

2. For which company is the management of current assets and current liabilities most important? Why? Which company has the largest investment in fixed assets? For both companies, what percentage of total assets are current and fixed? What is the implication of this analysis regarding the management of assets for the two companies?

3. How have the two companies financed the investment in assets? Are both companies able to cover their financing costs? What does this analysis imply about the profitability of the two companies?

4. How profitable are the two companies relative to total sales, assets, common equity, and share price? What do the price/earnings multiples for the two companies suggest about investors' attitudes toward the companies?

5. What does a DuPont Analysis suggest about the companies?

6. Any new project(s) would you propose? How should be they analyzed and evaluated in terms of potential return and risk? Provide comprehensive explanations based on studied materials of the course FIN342.