Please help me solve question 7,8. Thank You

ADDITONAL DATA PROVIDED.

EXHIBIT 3: VALSPAR BALANCE SHEETS (IN US$000) 185,961 307 857,256 Cash and Cash E Accounts Receivable Inventonies 486,26 28,898 0,579 577.257 125 824 erred Income Taxes 97,090 1,631,230 287 703 643,100 12,735 11,042 and Total Current Assets Goodwill Intangibles Assets Long-Temm Deferred Income Taxes 10,184 and Land Buildin Machinery and E Property, Plant and Less Accumulated Depreciation 77,902 517,798 1,034,053 463,7 16 ent 1,582,338 -949,573 765 4.318,575 984,651 Pl Total Assets Liabilities and Stockholders' Equ Current Liabilities Short-Term Deb Current Portion of L 4,033,951 162.502 131 rade Accounts Payable Income Taxes Payable Accrued L 26,01 471,17 6 010 442,839 366,739 706,933 240,919 148,975 Total Current Liabilities Long-Tenm Debt, Net of Current Portion Long-Term Defered Income Taxes 219.261 149.143 r Liabilities Total Liabilities Stockholders' E mmon Additional Paid-in 458.409 474,044 Less Cost of Common Stock in Treas Total Stockholders E 19,670 869 1,011,091 195.498 385 855,009 Source: The Valspar Corporation, United States Securities and Exchange Commission, Washington, D.C. 20549: Form 10- K, 4, accessed May 11, 2016, http lid1lge852tjiqow.cloudfront.netCIK-0000102741/4f6303ed-9532-4792-be80- c781a53510d6.pd. EXHIBIT 3: VALSPAR BALANCE SHEETS (IN US$000) 185,961 307 857,256 Cash and Cash E Accounts Receivable Inventonies 486,26 28,898 0,579 577.257 125 824 erred Income Taxes 97,090 1,631,230 287 703 643,100 12,735 11,042 and Total Current Assets Goodwill Intangibles Assets Long-Temm Deferred Income Taxes 10,184 and Land Buildin Machinery and E Property, Plant and Less Accumulated Depreciation 77,902 517,798 1,034,053 463,7 16 ent 1,582,338 -949,573 765 4.318,575 984,651 Pl Total Assets Liabilities and Stockholders' Equ Current Liabilities Short-Term Deb Current Portion of L 4,033,951 162.502 131 rade Accounts Payable Income Taxes Payable Accrued L 26,01 471,17 6 010 442,839 366,739 706,933 240,919 148,975 Total Current Liabilities Long-Tenm Debt, Net of Current Portion Long-Term Defered Income Taxes 219.261 149.143 r Liabilities Total Liabilities Stockholders' E mmon Additional Paid-in 458.409 474,044 Less Cost of Common Stock in Treas Total Stockholders E 19,670 869 1,011,091 195.498 385 855,009 Source: The Valspar Corporation, United States Securities and Exchange Commission, Washington, D.C. 20549: Form 10- K, 4, accessed May 11, 2016, http lid1lge852tjiqow.cloudfront.netCIK-0000102741/4f6303ed-9532-4792-be80- c781a53510d6.pd