Financial Statement Analysis

Financial Statement Analysis Project description This ia an undergraduate work. Identify two competing firms listed in the UK, as well as creating a portfolio of firms operating in similar industry.(5 firms have been chosen, you can find it in the ATTACHED FILES ) Step 1: Select a firm that is listed in UK and its local competitor, as well as creating a portfolio of firms operating in similar industry.In order to compare the firms in the context of their sector of operations, you should create a portfolio of UK firms operating in a similar industry. Five firms have been chosen, you can find it in the ATTACHED FILES. One for main firm, one for local competitor, the other three as a portfolio of UK firms operating in similar industry. Industry Classification: Hotels Step 2: Balance Sheet and Income Statement for each firm in order to distinguish between operating and financing activities.(Balance Sheet and Income Statement of each firm are in the ATTACHED FILES) Step 3: Calculate ratios based on reformulated financial statements?ratios have been calculated, it has been uploaded in the ATTACHED FILES? Analysis of profitability:(There is an example in the ATTACHED FILES) Inter-firm comparisons Industry average comparison Common size and trend analysis Report Outline: 1. Background information on the firm, its competitor and the industry 2. Ratio Analysis 3. Results and Discussions 4. Conclusions All the charts and calculations must be in the APPENDIX