Q3 A. (20 Marks) Here are the simplified financial statements of X Corp. from a recent year: INCOME STATEMENT (Figs in S Mil.) Net Sales 13,194 Cost of Goods Sold 4,060 Other Expenses 4,049 Depreciation 2,518 Earning Before Interest & Taxes 2,566 Interest Expenses 685 Income Before Tax 1,882 Taxes 570 Net Income 1,311 Dividend 856 year Balance Sheet (Figs in S Mil.) End of the Start of the year Cash & marketable Securities 89 158 Receivables 2,382 2,490 Inventories 187 238 Other Current Assets 867 932 Total Current Assets 3,524 3,818 Net Property & Plants Equipment 19.973 19,915 Other Long Term Assets 4,216 3,770 Total Assets 27,714 27,503 Liabilities & Shareholders Equity Payables 2,564 3,040 Shirt Term Debt 1.419 1,573 Other Current Liabilities 811 787 Total Current Liabilities 4.795 5,400 Long Term Debt & Leases 7,018 6,833 Other Long Term Liabilities 6,178 6,149 Share Holders Equity 9,724 9,120 Total Liabilities & Equity 27,714 27,503 Calculate the following financial ratios 1. Long Term Debt ratio 2. Total Debt Ratio 3. Current Ratio 04 A. (20 Marks) Compute the present value of a $100 cash flow for the following combinations of discount rates and times: 1. R = 10% t= 10 years 2. R = 10%, t - 20 years 3. R = 5%, t 10 years 4. R = 5%, t = 20 years