answer these question below using ITC infotech as the business model.

Analysis of Financial statements 1. Comment upon the business model of the company. What are the primary (core) and secondary activities that the firm is engaged into? 2. What do you think of the company's management of inventories and receivables 3. Comment upon the depreciation policy of the company. What are the methods of depreciation used by this company? If there is a change in any method. What justification have they provided? 4. What do you think of the size of the company's cash and bank balances and investments? 5. Compare the company's basic and diluted EPS and explain any difference with calculations. 6. Evaluate performance of the company's segments (if any). 7. Explain how the information in the chairman's statement and the directors' report is useful in understanding the information in the financial statements. 8. Does the company provide information that would enable investors and analysts to understand its long term direction? 9. How is the corporate governance report useful? What additional information would be useful? 10. What additional disclosures would you recommend to the company's management? What are the pros and cons of providing these disclosures? 11. Does the amount of interest income equal interest received? Why or why not? 12. Does the amount of interest expense equal interest paid? Why or why not? 13. Calculate the company's free cash flow. What does it tell you about the company? 14. What is comprehensive income? How it is different from net profit 15. Analyse the financial statements of the company using different ratios. Analyse and interpret the different types of ratios of the chosen company such as ROA, ROE, asset turnover ratio, current ratio, quick ratio, return on sales debt equity and look out for any industry-specific ratios that company might be reporting