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Discuss the major elements of each company’s balance sheet focusing on similarities and differences

1. Discuss the major elements of each company’s balance sheet focusing on similarities and differences. 2. Comment on methods used to measure assets and liabilities 3. What do the balance sheets indicate regarding the strengths and weaknesses of each company’s financial position? (Hint: Use key analytical methods including horizontal and vertical analysis of the balance sheets and financial ratios focusing on balance sheet structure) (ii) Income statement 4. Discuss the major elements of each company’s income statement focusing on similarities and differences 5. Comment on methods used to recognize and measure income and expenses 6. What do the income statements indicate regarding the strengths and weaknesses of each company’s financial performance?

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