Choose from one of the following public companies operating in Australia, in order to complete your analysis: a) Fortescue (ASX:FMG) b) Westpac (ASX:WBC) 2. Read through your chosen company's most recent Annual Reports and find the financial statements data and information for the past three years. For the discussion requirements of this assignment you may also need to perform additional research by consulting some other sources such as company websites etc. 3. Analyse the behaviour of any three significant items in the income statement for the period of three years. Discuss whether your organization's performance relating to these items appears to be improving, deteriorating, or remaining stable over this period. Explain why you selected those items and what you recognize as the most relevant strategic reasons for the trend/s that you have recognized. Justify your answer. 4. Analyse the behaviour of any three significant items in the balance sheet for the period of three years. Discuss whether your organization's performance related to these items appears to be improving, deteriorating, or remaining stable over this period. Explain why you selected those items and what you recognize as the most relevant strategic reasons for the trend/s that you have recognized. Justify your answer. 5. Analyse cash flow statements of the last three years and explain at least three major changes which have occurred in relation to investing and financing activities of the businessyears. Discuss the trend and give conclusions/reasoning as to why there has been a change in the ratios over the relevant period. a) Solvency b) Leverage c) Profitability d) Operational efficiency 7. Identify any two items not included in (or derived from) the financial statements that you think would be important to someone considering whether the organization is performing well. Discuss your reasons for believing that these two items about the company would be important in making an investment decision. (HINT: you might want to consider items discussed in other modules in this unit)