Following are data from the statements of two companies (NADEC Co. and Almarai Co.) Providing similar products: NADEC Co. Almarai Co. Income Statement Data for 2020 $59,820 $420,000 Net Sales 41,250 28,250 Cost of Goods Sold 12,560 71,450 Selling and administrative expense 525 19,750 Interest expense -72 -420 Other Income (Expense) 1,215 7,240 Income Tax Expense $3,025 $16,450 Net Income Balance Sheets Data (End of 2020) $22,145 $52,150 Current Assets 25,845 132,540 NonCurrent Assets $40,650 $162,450 Total Assets $12,200 $65,450 Current Liabilities 16,890 48,540 Long-term Debt 13,900 69,870 Total stockholders' Equity $42,100 $174,890 Total Liabilities and stockholders' Equity Beginning-of-2020 Balances $44,150 $171,050 Total Assets 12,845 64,870 Total stockholders' Equity 9,998 55,745 Current Liabilities 29,250 105,400 Total Liabilities Other Data $8,250 $4,350 Average Net Accounts Receivable 7,950 34,250 Average Inventory 4,415 27,200 Net Cash Provided by Operating Activities Capital Expenditures 1,520 11,450 475 4,140 Dividends Required: Compare the Solvency, Liquidity and Profitability position of the two companies by Calculating current ratio, Account Receivable Turnover, Average Collection Period (In Days) (365 days/ Account Receivable Turnover), Inventory Turnover, Days in Inventory, Current Cash Debt Coverage (net cash provided by operating activities / average current liability), Profit Margin, Asset Turnover, Return on Assets, Return on Common Stockholder's Equity, Debt to Assets, Times Interest Earned, Cash Debt Coverage (net cash provided by operating activities/ average total liability) and free Cash Flow (net cash provided by operating activities-Capital expenditures - cash dividends). Then state which company you think is better in short-term and why (Interpretation) and under the assumption that each company's stock can be purchased at book value, state which company's stock you think is better to invest and why (Interpretation). Project's Instructions: 1- Small Introduction about two Companies (Half to One Page) (1 Mark) - Need Sources (Note: You can use other sources from online websites) 2- Body - Ratio Analysis (8 Marks) 2.1 Include formulac 2.2 Calculate Ratios in Details 2.3 Fill the table with ratios (Answers of Ratios in Order) and Interpretation Ratio Analysis Formula NADEC Co. Almarai Co. Interpretation