Problem 3 (40 points) Consider the following summarized balance sheet and answer the questions. Table 1 Boubyan Petrochemicals Balance Sheet 2020 (modified) Assets in Kuwaiti dinars) Liabilities in (Kuwaiti dinars) Cash 47 million Long term debt 130 million Accounts receivable 40 million Accounts payable 135 million Inventories 6 million Accrued expenses 35 million Investment securities 350 million Share capital 75 million Property, plants 58 million Retained earnings 21 million Intangible assets 14 million Fair value reserves 2 Total assets 515 million Total Liabilities and shareholders Equity Note 1: Consider investment securities as part of current assets. Note 2: Consider fair value reserves as part of equity. a Calculate total current assets in 2020, b. Calculate total non-current assets in 2020. Calculate total current liabilities in 2020, d. Calculate total non-current liabilities in 2020 Fill in the blanks. Problem 4 (30 points) Consider the following financial statement information and answer the questions below. Intangible assets 14 million KD Total revenue 75 million KD Taxes 0.25 million KD Inventories 6 million KD Interest expenses 9 million KD Cost of goods sold 38 million KD General and administrative expenses 16 million KD Loans 15 million KD a. Calculate the gross profit. b. Calculate the EBIT. c. Calculate net income. Show steps in all questions above