Styles The balance sheet and profit and loss account of Mahmoud Ltd. for the year ended March 31, 2019, are show below. Balance sheet of Mahmoud as on March 31, 2013 Liabilities Share Capital $2,450,000 Fixed Reserves $2,223,000 515,000 Current assets 254,000 Loans 1,125,000 Tess Current abilities 346,000 Net Current assets SOB,000 Investments S07 DOO 4,290,000 Income Statement of Mahmoud uld. For the year ended March 31, 2019 Sales $6,500,000 Less expenses Depreciation 5,200,000 287,500 EBIT 1,012,500 Interest 132,500 EBT 880,000 Taxes (259) 220,000 EAT 650 000 Note. Current Assets include inventory worth $2,00,000 and receivables worth 5565.000 Tasks Based on the information supplied to you complete the following tasks: 1. Compute a) Liquidity, b) Turnover and e) Profitability Ratios marks) 2. Financial data obtained from a competitor gives you the following information. Competitor's key ratios are as follows. Current Ratio: 1.56, Fixed Assets Turnover Ratio 2. 12. Inventory Turnover Ratio 48 ROA, 18.36. Days Inventory, 11.15 days, Times Interest Eamed, 9.5 Compare Mahmoud's key ratios with that of the competitor and give your critical comments. Also give your suggestions to Mahmoud & Co to improve their financial and operating performance. (7 marks) 3. Discuss the concept of Time Value of Money and its significance in financial decision-making (5 marks) 4 Cntically discuss the role of Venture Capitalists in supporting new business ventures and capital formation for nation building economic activities 113 marks)