Go to sec.gov and click on “Filings”; you will see a drop-down box. Click on “Company Filings Search.” In the Fast Search box (right side), type in USB to get the SEC filings for U.S. Bancorp. Find the most recently filed 10K (interactive data), and then click on “financial statements.” From here you can open the firm’s Consolidated Balance Sheet and the Consolidated Statement of Income. Notice that you can access 2 to 3 years of data. Compute the following ratios for as many years as you can, showing your numerator and denominator, as well as the ratio result:

• Return on equity
• Return on assets
• Net interest margin
• Net noninterest margin
• Earnings spread
• Net operating margin
• Net profit margin (use net income/total revenue)
• Tax management efficiency ratio
• Expense control efficiency ratio
• Asset utilization ratio (total revenue/total assets)
• Equity multiplier (total assets/total stockholders’ equity).

Complete the following:

• Create a table that shows the final results of all these ratios for the past two years PLUS the ratios for Capital One(C) for the most current year only.
• Write an essay analyzing the ratios of Capital One (C), indicating strengths and weaknesses discovered when examining the ratios over time, as well as the ratios compared to a competitor.

Your essay should meet the following requirements:

• It must be at least 3 pages in length, not including the table, cover page, and references page.
• Follow the CSU-Global Guide to Writing and APA. Your essay should include an introduction, a body with at least two fully developed paragraphs, and a conclusion.
• Write clearly, using excellent grammar and style techniques. Be concise and logical. You are being graded, in part, on the quality of your writing. If you need assistance with your writing style, start with Tools for Effective Writing at the CSU-Global Library, which is accessible from the Library’s homepage.