Question 3 5points Chapter 3 Khaled and Salama Al Mheiri founded the Middle East Computer Tech Company back in 2015 Today, as a profitable and successful business, the company manufactures a wide variety of high quality laptops and desktops In 2020, the firms operating profit was $35 million This is when the applicable corporate taxation rate was 40 Further information about the companys financial performance and position can be obtained from its income statement and balance sheet (in alphabetical order) extracts for years 2019 and 2020 (all amounts are in millions of dollars) below Fill in the blanks in the companys Income Statementfor Year 2020 above (1 point) Show all workings, formulas and calculations in the space provided below Prepare the companys Statement of Cash Flowfor Year 2020 (4 points) Show all workings, formulas and calculations in the space provided below Using the financial statement data provided in QUESTION 3earlier, fill in the blanks in the table below List each of the four categories of financial ratios covered in this course Provide an example of any two ratiosfrom each category (i e Ratio 1 and Ratio 2) Write the name for each ratio you mention For Year 2020, calculate Ratio 1 and Ratio 2 for each category of ratios Round your answers to four decimal points Indicate the unit of measurement for each ratio (e g dollars, percentages, times, days, etc ) You may NOT use the same ratio for more than one ratio category Show all formulas, workings and calculations Name of the Financial Ratio Category Financial Ratio 1 Calculation Financial Ratio 2 Calculation 1 2 3 4 2020 200 (120) Income Statement Sales Less Cost of goods sold Gross profit Less Selling and general expenses EBITDA Less Depreciation Amortization EBIT 80 (30) 50 Less Interest expense (20) EBT 15 Less Taxes Net income 2020 2019 50 Balance Sheet Accounts payable Accounts receivable Accruals Cash $ $ 65 $ 15 $ 30 Common stock $ 45 $ 70 $ 20 $ 20 $ 55 $ 110 $ 365 $ (55) $ 195 $ 55 Inventory $ 100 Gross Fixed Assets $ 350 $ (40) $ 190 Less Depreciation Long term debt Net Fixed Assets Notes payable Retained earnings $ 310 $ 310 $ 40 $ 155 $ 45 $ 150

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Question 3 5points Chapter 3 Khaled and Salama Al Mheiri founded the Middle East Computer Tech Company back in 2015. Today, as a profitable and

Question 3 5points Chapter 3

Khaled and Salama Al Mheiri founded the Middle East Computer Tech Company back in 2015.
Today, as a profitable and successful business, the company manufactures a wide variety of high-quality laptops and desktops.
In 2020, the firms operating profit was $35 million. This is when the applicable corporate taxation rate was 40%.
Further information about the companys financial performance and position can be obtained from its income statement and balance sheet (in alphabeticalorder) extracts for years 2019 and 2020 (all amounts are in millions of dollars) below:

image text in transcribed

Fill in the blanks in the companys Income Statementfor Year 2020 above. (1 point)

Show all workings, formulas and calculations in the space provided below.

Prepare the companys Statement of Cash Flowfor Year 2020. (4 points)

Show all workings, formulas and calculations in the space provided below.

Using the financial statement data provided in QUESTION 3earlier, fill in the blanks in the table below.
List each of the four categories of financial ratios covered in this course.
Provide an example of any two ratiosfrom each category (i.e. Ratio 1 and Ratio 2).
- Write the name for each ratio you mention.
- For Year 2020, calculateRatio 1 and Ratio 2 for each category of ratios.
- Round your answers to four decimal points.
- Indicate the unit of measurement for each ratio (e.g. dollars, percentages, times, days, etc.)
You may NOT use the same ratio for more than one ratio category.
Show all formulas, workings and calculations.

Name of the Financial Ratio Category	Financial Ratio 1: Calculation	Financial Ratio 2: Calculation
1.
2.
3.
4.

2020 200 (120) Income Statement: Sales Less: Cost of goods sold Gross profit Less: Selling and general expenses EBITDA Less: Depreciation & Amortization EBIT 80 (30) 50 ? ? Less: Interest expense (20) EBT 15 Less: Taxes ? Net income ? 2020 2019 50 Balance Sheet: Accounts payable Accounts receivable Accruals Cash $ $ 65 $ 15 $ 30 Common stock $ 45 $ 70 $ 20 $ 20 $ 55 $ 110 $ 365 $ (55) $ 195 $ 55 Inventory $ 100 Gross Fixed Assets $ 350 $ (40) $ 190 Less: Depreciation Long-term debt Net Fixed Assets Notes payable Retained earnings $ 310 $ 310 $ 40 $ 155 $ 45 $ 150