Finance Individual exercise Assignment

Description:This is an INDIVIDUAL exercise is designed to give you further opportunities to develop your basic finance and accounting skills and to develop your understanding of the financial and accounting performance of YOUR organization relative to your competition (or comparable organization).Preparation:As a refresher, review your notes from RP1 and check out the relevant modules in Zoologic and financial statement analysis notes.Deliverable:B Expectation You will need to obtain copies of (or download) YOUR organization’s financial statements (this is preferable) or a publicly traded company or Guidestar substitute and your benchmark organization’s financial statements or a publicly traded company or Guidestar substitute. In a separate narrative please tell me why you chose the companies you selected, why you were doing this, talk about your analysis and what you found overall. Using the Fraser and Ormiston text, Understanding Financial Statements, as a reference, and what we have reviewed in RP1 to prepare, from the financial statements, a three-year ratio analysis for your company. While you can use the Fraser and Ormiston book as a framework I want you to tailor the ratios you use in your analysis to your own industry. Thus, I would expect that some of the ratios would be similar but I would also expect differences because of health care industry. Pick FIVE ratios that you feel are the most important and analyze these companies with these rations, tying your excel financial statements to the ratios (i.e., I need to see an excel sheet with all the financials included). You need to provide some narrative as to why you choose the ratios and explain differences in the ratios, and why one organization looks better or worse than the other. If your firm is not publicly traded (private, governmental, etc.) or is part of a larger organization, I would recommend selecting a company that you do business with (or are just interested in) to be the firm you benchmark.A Expectation To complete part 1, you will need to obtain copies of (or download) your organization’s or a publicly traded company or Guidestar substitute and your benchmark organization’s financial statements or a publicly traded company or Guidestar substitute. In a separate narrative please tell me why you chose the companies you selected, why you were doing this, talk about your analysis and what you found overall. I would expect a more in-depth narrative here for A work. Using the Fraser and Ormiston text, Understanding Financial Statements, as a reference, and what we have reviewed in RP1 to prepare, from the financial statements, a three-year ratio analysis for your company. While you can use the Fraser and Ormiston book as a framework I want you to tailor the ratios you use in your analysis to your own industry (like I have done with the HCA example below. Thus, I would expect that some of the ratios would be similar but I would also expect differences in ratios across industries. I would expect that each of you use at least 15 –20 ratios (like I did in RP 1 for Coca Cola and Pepsi) for this part along with discussion as to why you think variances exist. Again, you need to provide some narrative as to why you choose the ratios and explain differences in the ratios, and why one organization looks better or worse than the other. If your firm is not publicly traded (private, governmental, etc.) or is part of a larger organization, I would recommend selecting a company that you do business with (or are just interested in) to be the firm you benchmark.Other Comparisons If you want to can always try to compare your data to state and national data too using such references as the Almanac Of Hospital Financial and Operating Indicators etc.