i attached the question including the income statement and balance sheet. please follow the assessment criteria

Purpose of the assignment This Assignment is an individual assignment and it will focus on the financial statement analysis of a given company. Students are expected to compute key financial ratios and analyze the factors that affect the performance of the company. The assignment aims to assess students' conceptual, quantitative and analytical skills. I Question Based on the balance sheet and income statement data provided, discuss and analyze the financial performance of the company. Your discussion and analysis should focus on the following items, but not limited to these factors. (1) Compute and analyze the operating activity based profitability ratios such as (a) Net-profit after tax (NOPAT) (b) Return on net-operating Assets (RNOA) () Net-operating profit Margin (NOPM) Calculate and discuss the cash conversion cycle of the company. (iii) Compute and analyze the return on equity (ROE) of the company using the DuPont analysis model. (iv) Calculate and discuss the coverage ratios such as Time-interest earned, EBITDA, and solvency ratios such as liability to equity and total debt to equity ratios. Balance Sheets (values are in $ millions) CHENGDU Manufacturing Company December 31, 2018 and 2019 2018 2012 $59 $90 $197 $34 $380 $69 $83 $245 $30 $427 Current Assets Cash Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets: Gross plant and equipment Accumulated depreciation Net plant and equipment Land Total fixed assets Five years maturity Bond investment Patents Total assets Liabilities and equity Current Liabilities: Accounts Payable Income tax payable Accrued wages and salaries Interest payable Total Current liabilities Long-term notes payable 10 year Bonds payable 25 years mortgage loan Total liabilities: $779 $375 $404 $90 $494 S410 $50 $1,334 $838 $398 $440 $90 S530 $505 $65 $1,527 $81 $32 $8 S6 $127 $166 $260 $170 $723 $63 $22 $7 $5 $97 $215 $264 $255 $831 Common stock Retained Earnings Preferred stocks Treasury stocks Total Stockholders' equity Total liabilities and equity $320 $277 $24 ($10) $611 $1,334 S320 $352 $32 (58) $696 S1,527 Note: Suppose that 100% of the net income is retained and no dividend is distributed $913.00 $593.00 $320.00 Income Statement (Values are in $ millions) CHENGDU Manufacturing Company For the Year Ending December 31, 2019 Sales Cost of Goods Sold Gross Profit on Sales Operating Expenses: Marketing Expenses General and Administrative Expenses Depreciation Total Operating Expenses Operating Income (EBIT) Interest Expense Earnings Before tax Income Tax (20%) Earnings after Tax (Net income) $96.00 $78.00 $28.00 $202.00 $118.00 $24.25 $93.75 $18.75 $75.00 Assessment criteria for the Assignment will be based on: This assignment will be assessed using the following criteria: 1. Computation Skills - ability to use the correct formula, show necessary steps, and find the correct results - 50% 2. Knowledge and Understanding of the topic - brief discussion and interpretation of the results -25% 3. Evaluation Skills - analytical skills in substantiating your evidences - 25%