he second page are the equation which we are using. need clear steps please because i will use it as a reference for the revision.. thanks

Based on comprehensive reading of the financial statements issued by TANJA Corporation (TC) for the year 2020 (Sept) and its projections for the coming three years (2021, 2022, 2023), you have been requested to provide a professional opinions and views as could be spelled out by the Executive Financial Model (EFM) and the Kunt and Maks model. A summary of information are as follows: It is clear that TANJA Corporation is adopting stable policy on expansion of capitalization, financial Leverage, DPR, FA,NWC,FA,CA,LTL and the trends of long-term investments. Required: 1- Based on comparison between the EFM and Kunt and Maks model, provide the financial scenarios of TC in 2020, 2021, 2022 and 2023. 3. b=1DPR. 4. NI (inder EFIT) = (ROTA) (TA0+NWC+EA) 5. IEQuily =TATL=(b)(NI)KNSI. 6. ROTA = (PM) (ATO) 7. NEW TA (C)dWEFET) =TA0+NWC+FA. (B) Kunt and raks: 1. EFN =(G)(TA)(1+G)(NI)(b) 2. FN=0=(G)(TA)((+G)(NI)(b) 3. IGR=1(ROTA)(b(ROTA)(D) 4. SFG=1ROLTCROLTC 5. ROLTC=L+CNI=EQ+LTLNI=THCLNI 6. SG=1ROEROE 7. ROE=(PM)(ATO)(EQ.MUl Gipl ) (c) Financial stalemenl. Analysis: (1) Lisl is altaened. (F. Ratios) (2) Min: CR=1; optimial CR=2 (3) TIN = ATR =1; optimal ATR =1 (3) MIN = ATO =1; optinal ATO =2 (4) NOCF + CFFI + CFFF = in cash. (5) coshB end = in cosh+coshB( end ) Scanned by TapScanner Based on comprehensive reading of the financial statements issued by TANJA Corporation (TC) for the year 2020 (Sept) and its projections for the coming three years (2021, 2022, 2023), you have been requested to provide a professional opinions and views as could be spelled out by the Executive Financial Model (EFM) and the Kunt and Maks model. A summary of information are as follows: It is clear that TANJA Corporation is adopting stable policy on expansion of capitalization, financial Leverage, DPR, FA,NWC,FA,CA,LTL and the trends of long-term investments. Required: 1- Based on comparison between the EFM and Kunt and Maks model, provide the financial scenarios of TC in 2020, 2021, 2022 and 2023. 3. b=1DPR. 4. NI (inder EFIT) = (ROTA) (TA0+NWC+EA) 5. IEQuily =TATL=(b)(NI)KNSI. 6. ROTA = (PM) (ATO) 7. NEW TA (C)dWEFET) =TA0+NWC+FA. (B) Kunt and raks: 1. EFN =(G)(TA)(1+G)(NI)(b) 2. FN=0=(G)(TA)((+G)(NI)(b) 3. IGR=1(ROTA)(b(ROTA)(D) 4. SFG=1ROLTCROLTC 5. ROLTC=L+CNI=EQ+LTLNI=THCLNI 6. SG=1ROEROE 7. ROE=(PM)(ATO)(EQ.MUl Gipl ) (c) Financial stalemenl. Analysis: (1) Lisl is altaened. (F. Ratios) (2) Min: CR=1; optimial CR=2 (3) TIN = ATR =1; optimal ATR =1 (3) MIN = ATO =1; optinal ATO =2 (4) NOCF + CFFI + CFFF = in cash. (5) coshB end = in cosh+coshB( end ) Scanned by TapScanner