“Financial Analysis of XYZ Company: A Comprehensive Review of Annual Reports and Ratios”

Instructions
Write a research paper on the following.  The assignment has two requirements:
1.) Select a publicly-traded company that is traded on U.S. exchange. Locate the annual report for at least the last three fiscal years. 
Analyze the financial statements for the company and review for large movements in specific accounts from one year to the next. In addition, review the notes to the financial statements as these are an integral part of the financial reporting package. Evaluate the balance sheet to determine if there are large changes in the company’s assets, liabilities, or equity accounts. In addition, analyze the income statement and statement of cash flows.
2.)  At a minimum, calculate the following ratios for two years, the debt-to-equity ratio, current ratio, quick ratio, return on equity, and net profit margin. For each ratio, explain what the ratio tells you about the company. 
The research paper must have a minimum of 2-3 pages (excluding the title and reference page) and be formatted in APA 7th edition.
Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited. A report with a similarity index less than 25% is acceptable for undergraduate-level work.