1. (15 marks) Financial statement for Nash Energy Limited at 2021 fiscal year end as following: Nash Energy Limited Balance Sheet as of December 31,2021-(US dollar in millions) Cash $1,407 e Accounts payable Other current 1,682 liabilities 1,673 4,762 4 Receivables Inventories Total CA P Net fixed assets Total assets 27,595 32,357 Sales Cost of goods sold Gross profit Other operation expenses EBIT ++ Nash Energy Limited: Income Statement for Year Ended December 31, 2021 (US dollar in millions) Interest expense EBT Tax expense Net Income Total CL Long-term debt Common equity Total liabilities and equity 24 $1,902 2980 o 2,200 12,715 17,442 32,357 $9,300 (6,904) $2,396 (671) $1725 (354) $1371 (587) $784 a. Calculate the current ratio, quick ratio and inventory turnover for the company. If a competitor has the same current ratio, the same amount of sales, and the same amount of current liabilities, but lower inventory turnover ratio than that of the company, the competitor's quick ratio would be higher or lower than that of the company? Explain why. (5 marks) b. The stock price for Nash Energy Limited at the end of 2021 is $22.67, and the shares outstanding are 576,900,000. Calculate P/E ratio and M/B. (5 marks) le Je le Ja P 2 12 12 L