This report presents a comprehensive financial analysis of Nick Scali Limited and Harvey Norman Holdings Limited, comparing their performance based on 2019 annual reports. The analysis covers key financial aspects, including objectives, liquidity, capital structure, asset management efficiency, profitability, and capital expenditures. The report calculates and interprets financial ratios such as current ratio, quick ratio, ROA, ROE, and asset turnover to assess each company's financial health and operational effectiveness. The findings highlight Nick Scali's strong asset management and shareholder returns, while also acknowledging Harvey Norman's strengths. The report concludes with recommendations for management, emphasizing strategies to enhance revenue generation and overall financial performance. This analysis offers valuable insights for investors and stakeholders seeking to understand the financial positions and strategic decisions of these retail companies.