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Forecasting with the Parsimonious Method and Estimating Share Value Using the DCF ModelFollowing are income statements and balance sheets for Natural Health.Natural Health 2 0

Forecasting with the Parsimonious Method and Estimating Share Value Using the DCF ModelFollowing are income statements and balance sheets for Natural Health.Natural Health 2022 Balance SheetIn USD millions except per share amounts2022Period Ended12/31/2022Cash and Equivalents12,945.00Short-Term Investments2,778.00Trade Receivables27,276.00Inventories19,090.00Deferred Tax Assets, CurrentDivestment Assets, Current908Prepaid Expenses and Other Current Assets2,636.00Total Current Assets65,633.00Property, Plant and Equipment12,873.00Property, Plant and Equipment, Net12,873.00Right-Of-Use Assets17,872.00Long-Term Investments21,096.00Goodwill78,150.00Intangible Assets, Net24,803.00Other Assets7,848.00Total Assets228,275.00Accounts Payable24,980.00Debt, Current1,778.00Operating Lease Liabilities, Current1,678.00Divestment Liabilities, Current228Accrued and Other Current Liabilities40,757.00Total Current Liabilities69,421.00Long-Term Debt and Capital Lease Obligations50,476.00Operating Lease Liabilities, Noncurrent16,800.00Deferred Taxes, Noncurrent4,016.00Other Noncurrent Liabilities15,793.00Total Liabilities156,506.00Commitments and ContingenciesCommon Stock48,193.00Additional Paid In CapitalTreasury Stock-31,858.00Accumulated Other Comprehensive Income-1,264.00Retained Earnings (Deficit)56,398.00ESOP and Employee Related EquityTotal Equity Attributable to Parent71,469.00Noncontrolling Interest300Total Equity71,769.00Total Liabilities and Equity228,275.00Natural Health 2022 Income statementIn USD millions except per share amounts2022Period Ended12/31/2022Operating Revenue321,629.00Cost of Revenue267,965.00Gross Profit53,664.00Restructuring and Impairment Charges2,533.00Nonrecurring and Special Charges5,803.00Other Operating Expenses38,212.00Total Operating Expenses46,548.00Operating Income7,116.00Interest Expense-2,287.00Interest and Investment Income838Restructuring and Impairment ChargesOther Income (Expense)169Total Other Income (Expense)-1,280.00Income Before Income Taxes5,836.00Income Taxes1,509.00Discontinued OperationsConsolidated Net Income (Loss)4,327.00Non-controlling Interest-16Other Adjustments to IncomeNet Income (Loss) Attributable to Common Shareholders, Basic4,311.00Net Income (Loss) Attributable to Common Shareholders, Diluted4,311.00Basic Earnings Per Share3.29Diluted Earnings Per Share3.26Basic Shares Outstanding1,312.00Diluted Shares Outstanding1,323.00Terminal period growth rate2%Forecast Growth3%WACC5.6%Tax rate.26%Common shares outstanding1,284,111,667 GROWTHHISTORICAL DATAFORECAST 3%FORECAST 3%FORECAST 3%2%SALES321,629answeransweransweranswerNOPAT answeransweransweransweranswerNOA answeransweransweransweranswerIncrease in NOAansweransweransweranswerFCFF (NOPAT - Increase in NOA)answeransweransweranswerDiscount factorCum Present Value of Horizon FCFFanswerPresent Value of TerminalanswerFirm ValueanswerLess NNOanswerEquity ValueanswerValue per share (Equity value/out. shares)answer

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