Financial Analysis Assignment 1. Explain each item on top-down approach: The nature of the company's business environment Macro factors influencing the company's cash flow potential and risks Industry factors influencing the company's cash flow potential and risks Company specific factors influencing the cash flow generation and risks Value chain analysis A company's Strength, Weakness, Opportunities and Threats. 2-Which company is growth A or b and why 3 ROIC NBC Leverage Payout 1 1 1 3- Which items is recurring and non-recurring 1- Selling fewer 2- Using more efficient production method 3- Gain or loss on sale of non-current asset 4- Change in accounting estimation 5- Change in accounting policies 6- Chang in market approach 7- Optimizing administration 8- Optimizing invested capital 9. Change in corporate tax rate 10- Discontinued operation 11- Restructuring cost