a. Review the financial statements of Time Warner and its two competitors (Walt Disney & 21 Century Fox ) to determine if they disclose information on pension or other post retirement benefits. b. Discuss any differences that you find. 2. Analyze the return to stockholders. Required: a. Calculate the following ratios: i. Return on common stockholders’ equity ii. Common stock earning leverage ratio iii. Financial structure ratio b. Calculate the same ratios for Time Warner two competitor companies (Walt Disney & 21 Century Fox ) and discuss the relative performance of the three companies from the viewpoint of common stockholders.