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Required: Download 2018/2019 annual report of any nonfinancial company listed on Kuwait Stock Exchange. Use the audited financial statements in the chosen annual report to

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Download 2018/2019 annual report of any nonfinancial company listed on Kuwait Stock Exchange. Use the audited financial statements in the chosen annual report to conduct the following analyses:

  1. Liquidity Position (Current Ratio, Quick Ratio)
  2. Efficiency (Inventory Turnover, Accounts Receivable Turnover, Average Collection Period, Fixed Assets Turnover, Total Assets Turnover)
  3. Leverage (Total Debt Ratio, Long-term Debt Ratio, Total Debt to Equity, Long -term Debt to Total Equity)
  4. Coverage (Times Interest Earned Ratio, Cash Coverage).
  5. Profitability (Gross Profit Margin, Operating Profit Margin, Net Profit Margin, Return on Total Assets, Return on Equity

Based on the above calculations, identify the main strengths and weaknesses of the company with reasons.

It is expected, in your answer, to show your critical and analytical skills of how financial analysis serves financial analysts to make intelligent decisions. Your answer should be within the specified range of words, and you must follow the Harvard Style of Referencing. You are expected to present a well-structured and organized piece of work that is of your own. Plagiarism will not be tolerated, and plagiarized work will receive 0 mark.

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