X board Help Center 2 This assessment is based on the following case study: Viva is engaged in the retailing business in Spain. The company's has medium sized retail outlets in small towns and villages to sell food and non food products Viva has a customer base of about 10 million people who visit their 1000 shops, and has a workforce of over 12.000 employees The company has recently added other products to its shelves namely dothing appliances, and toys The company employs around 90.000 full-time equivalent employees across is business, A new senior management team has taken over the running of the company The senior management team has asked you to investigate the performance of the company. You are provided with the information reported in tables below. Income Statement kin million of) at the end of 2018 2019 44.752 42.168 2,584 8.30 Revenue (30% credit sales) Cost of sales (COGS Gross profit Administrative expenses Operating profit (or Net operating income or EBIT eamins before interest and taxes) Interest expense Profit before tax ITA Nes profit for the financial year 35.802 28.6.12 7.160 1.432 5.728 180 5.542 1.446 1102 1.746 206 1540 402 1.150 Number of shares Mariethare price per share in per share 4000.000 10.4 Balance Sheet at 31 December 2019 Jo the end of 3013 2010 Por current om 148 Pronssinen 1492 TES 18.653 1530 XC D Help Center 2 Balance Sheet at 31 December 2019 (in million of at the end of 2018 2019 Non-current long-term) assets Property, plant and equipment Intangible assets Total non-current assets 14,924 1.566 16,490 18,658 1.9587 20,616 1.688 Current (short-term) assets Inventory (Stock) Account receivables (Debtors) Cash Total current assets 1,876 466 1.442 4.330 6.438 3.784 Total assets 22.928 24400 Equity and abilities 10.434 Total shareholders funds (or Total Equity 10.872 Non-current (Long-Term Listes Long-term debt (Bank Loans Total non-current abte 6.434 6.434 7.150 7.150 Current liabilities Shortcem debt Trade payables (creators Total currentbildes 286 5.774 6.080 300 6.073 6.378 12-94 13.520 Tocales cal equity and Sabiliter Remaining Time: 1 hour, 33 minutes, 07 seconds. Question Completion Status Moving to another question will save this response. Question 5 For 2018 and 2019 calculate the Financial Leverage Ratio (or Equity Multiplier Ratio). Show your workings (4 marks) V Arial 7 T Paragraph 4 DOO fx Mashups 1 3 (12pt) T' T? TT HTHL CSS Path: P