Company Name: Advanced Micro Devices, Inc. (February 2022)

The audited annual financial statements obtained from SEDAR must contain audited financial statements and the MD&A (management's discussion and analysis). In SEDAR you should look for the Audited Annual Financial Statements. If complementary data is needed to answer any of the questions of step 2, you can look at any of the following complementary documents: Annual report, MD&A or Annual Information Form.

STEP 2: Calculate the ratios using the table provided

Complete the table printed below by providing the answer to each question in the first column (labeled Answer) and, only when relevant, indicating the details of the formula used to calculate each of the financial ratios (for three ratios it is mandatory as indicated in the table, for the other ratios is optional, use your own judgement to decide). For instance, to calculate the Equity Ratio you are required to provide the list of accounts considered as part of Shareholders Equity. On the other hand, you are not required to list the accounts considered to calculate Current Liabilities, if that label and amount is explicitly listed in the Statement of Financial Position (if it is not listed as such, then, you need to provide the name of the accounts considered).

Calculate the following 10 ratios and answer the following questions using your own words

Answer	Ratio	Generic Formula	Define details for your assigned company
1)	Equity ratio	Equity Ratio = Shareholders' Equity / Total Assets	Shareholders Equity =
2)	Working Capital Turnover	Working Capital Turnover = Revenue / Average Working Capital	Working Capital =
3)	Current ratio	Current Ratio = Current Assets / Current Liabilities
4)	Quick ratio	Quick Ratio = Quick Assets / Current Liabilities	Quick Assets =
5)	Inventory turnover	Inventory Turnover = Cost of Goods Sold / Average Inventory
6)	Interest Coverage	Interest Coverage = Operating Income / Annual Interest Expense
7)	Average Collection Period	Average Collection Period = (Average of net Trade Accounts Receivable / Revenues) * 365
8)	Return on Assets	Return on Assets = Operating Income / Average Total Assets
9)	Return on Sales	Return on Sales = Net Income / Net Sales or Revenue
10)	Dividend Payout Ratio	Dividend Payout Ratio = Common Dividends per Share / Earnings per Share

Answer these questions based on your overall analysis of the company:

1. What is the profitability position of the company you are analyzing?
2. What is the profitability trend of the company you are analyzing?
3. Based on your analysis, what is your recommendation to investors: hold, buy, sell? Provide one reason, supported with numbers or ratios, to justify your opinion.

Note 1: When the company assigned to you, due to the nature of its operations, does not have the account needed to perform the calculation of a ratio (for instance a service company does not have inventory), you must report it as zero when answering the quiz (for instance Inventory turnover = 0).