$($a$)$ Motorola is a global manufacturer of communication products, semiconductors, and embedded electronics solutions. The company is divided into six operating segements that publicly report financial results. The Personal Communication Segement $($PCS$)$ designs, manufactures and markets wireless communication products for sevice subscibers. Products include wireless handsets, personal $2-$way radios, and messaging devices, along with the associated accessories. The Personal Communication Segment accounted for $37\mathrm{.}8\%$ of sales, making it the largest of Motorola$$s operating segments. The Global Telecommunications Segment $($GTS$)$ designs, manufactures and markets the infrastructure communication systems purchased by telecommunication service providers.Products include electronic exchanges, telephone switches, and base station controllers for various wireless communication standards. Financia ratios for Motorola and the Semiconductor Industry are provided in the table below.

Table $1$: Financial Ratio Analysis

Financial Ratios Motorola Semiconductor Industry

Current Ratio $1\mathrm{.}772\mathrm{.}44$

Quick Ratio $1\mathrm{.}472\mathrm{.}08$

Average Collection Period $61$ days $50$ days

Inventory Turnover $6\mathrm{.}256\mathrm{.}01$

Fixed Asset Turnover $4\mathrm{.}371\mathrm{.}58$

Total Asset Turnover $0\mathrm{.}860\mathrm{.}61$

Debt Ratio $0\mathrm{.}640\mathrm{.}34$

Debt to Equity Ratio $1\mathrm{.}770\mathrm{.}52$

Gross profit margin $32\mathrm{.}76\%37\mathrm{.}49\%$

Net profit Margin $-9\mathrm{.}31\%-3\mathrm{.}00\%$

Return on investment $-7\mathrm{.}98\%1\mathrm{.}82\%$

Return on Equity $22\mathrm{.}11\%-2\mathrm{.}78\%$

Assests$/$Equity $2\mathrm{.}771\mathrm{.}52$

Required:

Prepare a business analysis report to evaluate Motorola$$s financial position and perfomance relative to the semiconductor industry

$($b$)$ Discuss modern challenges facing valuation of Young and start or start up a companies in developing economies