following to previous Q. more data is required;

Financial Ratios Companies Ratio/Year Current ratio Net profit margin Gross profit Arabian Cement 2014 2015 1.37 1.58 0.375 0.365 0.425 0.441 Wafrah 2014 2.57 0.000392 0.43 2015 1.76 -0.063 0.3978 Sisco 2014 1.54 0.135 0.673 2015 1.42 0.149 0.6356 margin Return on assets Return on equity Debt/Equity Equity/Assets 0.154 0.2022 0.268 0.788 0.000139 0.000167 0.2021 0.832 -0.021 -0.028 0.354 0.739 0.035 0.0855 1.68 0.374 0.03 0.0931 1.83 0.354 0.1541 0.185 0.202 0.832 In regard to the ratio calculation above relating to Arabian Cement, Wafrah and Sisco, I would consider the three companies having a strong current ratio, debt/equity ratio and equity/assets ratio except Sisco which had a poor debt/equity ratio. Ideally, current ratio measures the amount of current assets to current liabilities of the firm which shows the ability of the firm to settle its maturing obligations using its composition of current assets. All the three companies had current ratios which were above 1 to signify that they had more current assets compared to the current liabilities and thus a relatively high liquidity position. Generally, Wafrah was the company with the highest liquidity for both years. Arabian Cement's liquidity improved in 2015 compared to 2014 while the liquidity of Wafrah and Sisco declined. Further, the analysis indicates that Arabian Cement and Wafrah had favorable debt/equity ratio as evidenced by the high composition of equity compared to debt. Ideally, debt increases a firm's risk of financial distress and thus maintaining a favorable level of debt/equity is favorable to ensuring that a firm does not get into risks of financial distress. In terms of the net and gross profit margin, I would consider Wafrah's ratios as poor while Arabian Cement and Sisco recorded relatively favorable net profit margins. Arabian Cement had net profit margins which were greater than 36 percent while Sisco had net profit margins which were greater than 13 percent. This means that the companies were actually generating positive returns for their investors. Both companies also had high gross profit margins. However, Wafrah had very weak net and gross profit margins. In 2014, Wafrah made negligible net profit margins of 0.03 percent which slipped further to negative margins of 6.3 percent in 2015. This implies that the company was actually making losses in 2015 In terms of Return on assets and return on equities, I consider Arabian Cement as having very favorable returns of over 15 percent for both return on assets and return on equities for both companies. Sisco on the other hand had positive return on assets and return on equities although the returns were relatively weak meaning that the company was not effectively utilizing its assets and equity capital to generate adequate returns to its shareholders. However, Wafrah had very weak return on assets and return on equities in 2014 which went down further to negative margins in 2015. BALANCE SHEET 12/31/2015 12/31/2014 Current Assets 60,980 51,474 Inventory 37,392 23,215 Investments 17,392 17,554 Fixed Assets 139,022 125,125 Other Assets 12,423 26,684 Total Assets 267,209 244,052 Current Liabilities 34,612 20,045 Non-Current Liabilities 35,251 20,990 - - 197,346 203,017 - - 267,209 244,052 Other Liabilities Shareholders Equity Minority Interests Total Liabilities and Shareholder Equity All figures are in Thousands Thousands Currency SAR SAR STATEMENT OF INCOME 12/31/2015 12/31/2014 CASH FLOW Sales 88,030 86,820 Net Income Sales Cost 53,224 53,561 Depreciation Total Income 34,806 33,259 Accounts Receivable Other Revenues Inventory 211 4,049 Total Revenues 35,017 37,308 Prepaid Expenses Admin and Marketing Expenses 29,391 28,370 Accounts Payable 9,860 7,493 Depreciation Other Expenses Other Changes in Oper. Activity - - Total Expenses 39,251 35,863 Net Income Before Zakat -4,234 1,445 Increase in Debts 1,275 1,411 Other Changes in Financing Act. Zakat Net Income -5,509 34 Balance First Period -3,433 11,754 Reserves - 3 Cash Dividends - 10,175 - -5,043 -8,942 -3,433 Other Distributions Balance End Period All figures are in Thousands Thousands Currency SAR SAR Purchases of Fixed Assets Other Changes in Investing Act. Cash at Begining of Period Cash at End of Period All figures are in Currency 12/31/2015 12/31/2014 -5,509 34 12,346 10,012 -12,646 -1,905 -14,177 -3,065 5,219 -4,877 12,514 3,431 240 -298 -11,987 -39,185 - 13,619 - - 16,078 7,951 7,107 21,390 9,185 7,107 Thousands Thousands SAR SAR BALANCE SHEET 12/31/2015 12/31/2014 Current Assets 794,860 864,537 Inventory 355,905 382,437 Investments 265,546 360,135 Fixed Assets 2,449,710 2,452,778 Other Assets 28,330 35,429 3,894,351 4,095,316 503,178 631,350 Non-Current Liabilities 96,748 187,392 Other Liabilities 54,398 47,709 3,240,027 3,228,865 - - 3,894,351 4,095,316 Total Assets Current Liabilities Shareholders Equity Minority Interests Total Liabilities and Shareholder Equity All figures are in Thousands Thousands Currency SAR SAR STATEMENT OF INCOME Sales 12/31/2015 12/31/2014 CASH FLOW 1,642,559 1,719,589 Net Income Sales Cost 918,982 988,989 Depreciation Total Income 723,577 730,600 Accounts Receivable Other Revenues 25,602 42,344 Total Revenues 749,179 772,944 Prepaid Expenses 65,178 50,385 Accounts Payable - - Admin and Marketing Expenses Depreciation Inventory Other Changes in Oper. Activity Other Expenses 65,743 56,080 Total Expenses 130,921 106,465 Other Changes in Investing Act. Net Income Before Zakat 618,258 666,479 Increase in Debts 18,120 21,051 Zakat Net Income Purchases of Fixed Assets Other Changes in Financing Act. 600,138 645,428 Cash at Begining of Period 1,127,476 998,848 Cash at End of Period Reserves - - Cash Dividends - 315,000 526,643 201,800 Balance First Period Other Distributions Balance End Period 1,200,971 1,127,476 All figures are in Thousands Thousands Currency SAR SAR All figures are in Currency 12/31/2016 12/31/2015 12/31/2014 12/31/2013 529,328 646,626 685,187 197,129 166,914 173,776 175,432 180,810 45,825 43,122 66,850 330,188 23,525 26,532 23,232 -136,341 - - - - -188,389 -46,428 -54,361 -63,739 - - - - -237,713 -169,872 -47,494 -41,361 36,127 15,542 45,374 42,765 -25,303 -231,903 -308,453 -204,202 -450,951 -530,355 -314,387 -275,986 490,538 563,498 292,118 285,017 389,901 490,538 563,498 314,280 Thousands Thousands Thousands Thousands SAR SAR SAR SAR BALANCE SHEET 12/31/2015 Current Assets 12/31/2014 371,234 374,742 37,172 27,496 Investments 114,542 107,766 Fixed Assets 2,068,774 2,062,671 Other Assets 8,777 8,777 2,600,499 2,581,452 Current Liabilities 262,094 243,321 Non-Current Liabilities 904,498 1,008,263 - 416,770 972,014 913,098 - - 2,600,499 2,581,452 Inventory Total Assets Other Liabilities Shareholders Equity Minority Interests Total Liabilities and Shareholder Equity All figures are in Thousands Thousands Currency SAR SAR Last Update Date 3/1/2016 2/24/2015 STATEMENT OF INCOME Sales Sales Cost Total Income 12/31/2015 12/31/2014 CASH FLOW 616,084 578,052 Net Income -235,692 197,223 Depreciation 380,392 380,829 Accounts Receivable Other Revenues 11,190 8,293 Total Revenues 391,582 389,122 Prepaid Expenses Admin and Marketing Expenses -111,837 110,271 Accounts Payable Depreciation -114,632 113,328 Other Changes in Oper. Activity Other Expenses -66,484 79,879 Total Expenses -292,953 303,478 Net Income Before Zakat 98,629 85,644 Zakat -8,120 7,566 Net Income Inventory Purchases of Fixed Assets Other Changes in Investing Act. Increase in Debts Other Changes in Financing Act. 90,509 78,078 Cash at Begining of Period Balance First Period - 88,740 Cash at End of Period Reserves - 11,712 All figures are in Cash Dividends - - Other Distributions - - Balance End Period - 155,106 All figures are in Thousands Thousands Currency SAR SAR Currency 12/31/2016 12/31/2015 12/31/2014 12/31/2013 92,092 148,981 131,368 104,578 123,681 114,632 109,614 105,955 4,994 -18,231 449 -2,582 -4,007 -9,776 -8,537 -4,047 - - - - 1,709 19,399 18,554 -8,474 47,787 -1,102 12,493 9,741 -259,859 -127,462 -79,266 -90,894 -9,071 2,440 -10,056 -20,283 114,330 -105,287 -85,169 -45,268 -168,921 -44,363 -25,430 -2,359 252,669 273,439 209,418 163,051 195,404 252,670 273,438 209,418 Thousands Thousands Thousands Thousands SAR SAR SAR SAR