Problem: I need some help with solving a probability ratio for 2 different companies
www.wachovia.com - https://www.wachovia.com/file/WB1Q08_QER.pdf
and www.newcenturybanknc.com
I don't understand how to read and decipher the financial statements.
Can someone help me?
Review the following scenario:
The CEO of your firm has asked that you to compare the firm you are thinking of acquiring with one of its competitors. Obtain the financial statements for both the firm under investigation and one of its competitors and perform the following tasks.
comparing the companies two most recent fiscal years based upon the following:
a. Profitability Ratios
b. Management Efficiency Ratios
c. Leverage Ratios