6. How would you describe the company' cash flows for 2021? Write a brief discussion.

7. In light of your discussion in th eprevious quesiotn, do you think it is a good time for the company to expand business (i.e., buy more equipments/machines) at this time?

8. Please calculate the following Financial Ratios of the company, in year 2020 and 2021 respectively. Please briefly explain the trend of the company's financial position.
		Ratio Category	Ratios		2020		2021
		Liquidity Ratio:	Current Ratio
			Quick Ratio
		Asset Management Ratio:	Inventory Turnover
			Days Sales Outstanding
			Fixed Asset Turnover
			Total Asset Turnover
		Debt Management Ratio:	Debt Ratio
			Times interest earned (TIE)
		Profitabiltiy Ratio:	Net Profit Margin
			Operating Profit Margin
			Basic Earning Power
			ROA
			ROE

9. Please calculate the Du-Pont Ratio in 2020 and 2021, respectively. Please explain the changes over years.

10. By the end of year 2021, the firm has 100 millions of common shares. Stock price per share is $40 in 2020 and $50 in 2021.

Please calculate the P/E ratio and EPS in 2020 and 2021, respectively. Please explain the changes over years.

Number of Common Shares	100,000,000
Stock price in 2020
Net Income
Dividend
EPS in 2020
P/E Ratio in 2020

A B D E F m H C FINA 630S HIWA1 (Spring 2022) 1 2 3 4 Inpularea un In Thousands Change 200 6 7 50 s S $ 9 10 12 Cost of goods sold Casli Depreciation Interest expense Selling Administrative Accounts payable Net fixed ads Sales Accounts weivable Nous payable Long-term debt Inventory New equity 2021 248,263 12,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000 52,057 15,000 196,619 28,372 55,506 12,067 38,668 20,143 244,881 395,724 20,104 22,855 123,607 38,706 13 51,614.00 14.493.00 7.232.00 1.764.00 11.801.00 13.948.00 53.469.00 84.448.00 5,974.00 2,100.00 16,193,00 13,351,00 $ $ $ $ $ $ $ $ 15 16 11 19 20 21 21% Tax rate Dividend percentage 21% 25% 23 24 A B D E F m H C FINA 630S HIWA1 (Spring 2022) 1 2 3 4 Inpularea un In Thousands Change 200 6 7 50 s S $ 9 10 12 Cost of goods sold Casli Depreciation Interest expense Selling Administrative Accounts payable Net fixed ads Sales Accounts weivable Nous payable Long-term debt Inventory New equity 2021 248,263 12,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000 52,057 15,000 196,619 28,372 55,506 12,067 38,668 20,143 244,881 395,724 20,104 22,855 123,607 38,706 13 51,614.00 14.493.00 7.232.00 1.764.00 11.801.00 13.948.00 53.469.00 84.448.00 5,974.00 2,100.00 16,193,00 13,351,00 $ $ $ $ $ $ $ $ 15 16 11 19 20 21 21% Tax rate Dividend percentage 21% 25% 23 24