Exercise 1 Exercise 1 Important information. Attached you will find a Word file with the four questions for this task. Download the file and answer the questions. You can paste images (tables) from Excel into this file. You must make sure that the answer is easy to read and that everything is included. When you have finished answering the assignment, save it as a PDF file and upload it. Check your PDF file carefully. An Excel file is also attached. It contains data for all four tasks and must be downloaded. B D E F C10 x fx A 1 Resultatregnskap 2 Salgsinntekter 3 Vareforbruk 4 Lnnskostnader 5 Andre driftskostnader 6 Avskrivinger 7 Driftsresultat 8 Rentekostnader 9 Ordinrt resultat fr skattekostnad 40 10 Skattekostnad 11 rsresultat 12 13 14 15 16 17 18 19 20 21 2018 1 280 000 747 500 207 500 89 000 60 000 176 000 11 000 165 000 36 300 128 700 Task 1. Based on the attached balance sheet and profit and loss figures, you must answer the questions below. The figures are taken from Proff.no and it is a Norwegian production company. The VAT rate is 25%. Use 360 days per year. question 1 Calculate the credit times of customers in 2019. Use a decimal in the answer and 360 days a year. Question 2 Calculate what effect a reduction in credit time of 5 days will have on accounts receivable in 2019. How will such a reduction affect the accounts and key figures in general? Question 3 Calculate the interest coverage ratio for the years 2018 and 2019. Explain what these figures tell you. Question 4 Use the break bar formulato calculate the return on equity before tax for the 2 years 2018 and 2019. You must show how / which figures you use. Briefly comment on the main differences between these years and the consequences of the differences. Exercise 1 Exercise 1 Important information. Attached you will find a Word file with the four questions for this task. Download the file and answer the questions. You can paste images (tables) from Excel into this file. You must make sure that the answer is easy to read and that everything is included. When you have finished answering the assignment, save it as a PDF file and upload it. Check your PDF file carefully. An Excel file is also attached. It contains data for all four tasks and must be downloaded. B D E F C10 x fx A 1 Resultatregnskap 2 Salgsinntekter 3 Vareforbruk 4 Lnnskostnader 5 Andre driftskostnader 6 Avskrivinger 7 Driftsresultat 8 Rentekostnader 9 Ordinrt resultat fr skattekostnad 40 10 Skattekostnad 11 rsresultat 12 13 14 15 16 17 18 19 20 21 2018 1 280 000 747 500 207 500 89 000 60 000 176 000 11 000 165 000 36 300 128 700 Task 1. Based on the attached balance sheet and profit and loss figures, you must answer the questions below. The figures are taken from Proff.no and it is a Norwegian production company. The VAT rate is 25%. Use 360 days per year. question 1 Calculate the credit times of customers in 2019. Use a decimal in the answer and 360 days a year. Question 2 Calculate what effect a reduction in credit time of 5 days will have on accounts receivable in 2019. How will such a reduction affect the accounts and key figures in general? Question 3 Calculate the interest coverage ratio for the years 2018 and 2019. Explain what these figures tell you. Question 4 Use the break bar formulato calculate the return on equity before tax for the 2 years 2018 and 2019. You must show how / which figures you use. Briefly comment on the main differences between these years and the consequences of the differences