1. a) Download Volkswagen Group financial statements for last 5 financial years on internet and calculate the Beneish M-score for each of the 5 years. Is there any indication of fraudulent activity in your company as per Beneish model?

2. b) Calculate the whole set of financial ratios for the latest year (2020) and first year of analysis (year 2016). What trends can you see? Select 3 ratios with the highest change (both negative and positive) and try to explain what has happened that caused this change.

3. c) Based on your analysis above, would you buy shares of this company or lend money to this company? Provide reasoning.

I have to work with Volkswagen Company financial statements.You can find on internet.