Can I have an assistance on answering the following questions concerning the attached Balance Sheets & Income Statement:

Expected Ratios:

Liquidity: Current Ratio

Quick Ratio

Inventory Turnover or Day Sales' Uncollected

Solvency: Debt Ratio

Profitability: Gross Margin %

Profit %

Return on Asset OR Return on Equity

In Addition: One other ratio for either Profitability or Market analysis

Marking Key (out of 10):

• Proper calculation and analysis of all three Liquidity measurements
• Proper calculation and analysis of Solvency measurement
• Proper calculation and analysis of all three Profitability measurements
• Proper calculation and analysis of additional measurement
• Final conclusion with proper justification

Consolidated statement of comprehensive income year ended December 31 (millions of dollars) 2022 2021 Net Income 1,128 1,105 Other Comprehensive Income, Net of Income Taxes Other comprehensive income of equity investments 3 2 Other comprehensive income [Note 16] 3 2 Comprehensive Income 1,131 1,107 The accompanying Notes to the consolidated nancial statements are an integral part of these statements. Consolidated balance sheet at December 31 {millions of dollars] ASSETS Current Assets Cash and cash equivalents [Note 19] Accounts receivable and other [Note 5] Demand loan receivable [Note 19] Related party receivable Inventories Other [Note 6] Plant, Property and Equipment, net [Note 7] Equity Investments (Note 8] Regulatory Assets [Note 9] Goodwill [Note 10) Other Long-Term Assets LIABILITIES Current Liabilities Accounts payable and other [Note 1 1] Related party payable Regulatory Liabilities [Note 9] Other Long-Term Liabilities [Note 13] Long-Term lntercompany Payable [Note 15] Long-Term Debt [Note 15] Deferred Income Tax Liabilities, net [Note 14) EQUITY Shareholders' equity 2022 341 1,050 27 42 76 1,536 17,107 426 143 1,861 21,076 786 87 873 783 46 4,040 1,492 1,834 9,068 12,008 21,076 2021 324 777 19 45 66 1,231 16,387 452 138 1,861 20,071 944 76 1,020 789 50 4,040 1,490 1,594 8,983 11,088 20,071 Consolidated statement of cash ows year ended December 31 [millions of dollars] 2022 2021 Cash Generated fmm Operations Net income 1.123 1,105 Depreciation and amortization 344 334 Deferred income taxes (Note 14-] 232 315 Income from equity investments (Note 8] [85] (79) Distributions received from operating activities of equity investments [Note 8] 90 84 Equity allowance for funds used during construction [33] (3 1) Other [20] (32) Changes in other operating assets and liabilities (Note 18] [221] 323 Net cash provided by operations 1.435 2,019 Investing Activities Capital expenditures [967] [1.013) Distributions received from equity investments as return of investment (Note 8) 25 Equity investment contribution [Note 8] [9) Change in demand loan receivable [273] [777) Longterm intercompany receivable 476 Deferred amounts and other 7 Net cash used in investing activities [1.2 15] [1.32 1) Financing Activities Proceeds from longterm debt 3,080 Longterm debt repaid [4.040) Dividends paid to parent [220] [4.450) Contributions from parent 65 Change in demand loan payable [343) Net cash provided used in financing activities [220] [698) Change in Cash and Cash Equivalents rash and rash Equivalenm Beginning of year Cash and Cash Equivalents End ofyear Supplemental cash ow information Interest paid, net of capitalized interest 166 125 Income taxes paid [Note 14) 14 5 Accruals for property, plant and equipment 192 161 Parent contribution of membership interest in TCLI (Note 19] 9 The accompanying Notes to the consolidated financial statements are an integral part of these statements. Consolidated statement of income year ended December 31 (millions of dollars) Revenues [Note 4] Income from Equity Investments (Note 8) Operating and Other Expenses Plant operating costs and other Property taxes Depreciation and amortization Financial Charges Interest expense [Note 15} Allowance for funds used during construction Interest income and other Income before Income Taxes Income Tax Expense {Note 14) Net Income 2022 3,125 85 1,054- 243 344- 1,641 171 (35) (18) 118 1,451 323 1,128 2021 2,800 79 791 212 334- 1,337 14-3 (33] (3) 107 1,435 330 1,105