Question 1 (3 Marks) Case 1 The Layal and Shahed Corporation has budgeted AED 4,000,000 for an investment in a Hotel. Management has provided the following cash flow financial data from 4 different suppliers as follows: Required 1. (1 Mark) Using the Payback period determine the best investment 2. (2 Marks) Using the Discounted Payback period determine the best investment Answer Payback period Conclusion 2. Discounted payback method (Use the Discount rate of 10% with the following PVIF). \begin{tabular}{|l|l||} \hline & \multicolumn{1}{|c|}{} \\ \hline Cost & \\ \hline Year 1 & \\ \hline Year 2 & \\ \hline Year 3 & \\ \hline Year 4 & \\ \hline Year 5 & \\ \hline \end{tabular} Conclusion Question 2 (2 Marks) Case 1 (1 Mark) Prepare Common size statements for year 2018 and 2017 for each of the following selected balance sheet and income statement data of Damac Company. In addition, comment in which accounts you see a sizable increase or decrease. Comment on the largest balances shown. Case 2 (1 Mark) Calculate trend percentages using 2017 as the base year for the following financial statement data. Comment on the trend. DFM Listed Company For the year ended December 31. Answer DFM Listed Company For the year ended December 31 . Question 3 (10 Marks) In Dubai there are 65 (equities) publicly traded companies in the (DFM) Dubai Financial Market and many other companies that are private. It is global knowledge that liquidity ratios and other major ratios are used by analysts to determine a company's solvency or insolvency and level of profitability, among other, and to determine a company's financial distress or strength. The purpose of this work is provide students the opportunity, using DAMAC Annual Reports, to read the annual reports and familiarize themselves with actual annual financial statements data included in annual reports, and to perform an analysis and evaluation of the Company's financial statements. Using the annual reports of DAMAC, each group of students listed below is individually responsible for the analysis of the following years financial statements: ID 1284 to 2213 do analysis Years 2021, 2020, 2019 ID 2271 to 3409 do analysis Years 2018, 2017 2016 Each student is responsible, using the annual reports assigned, to perform the following: Part 1. (1.5 Marks) Prepare a Summary of the message of the president" or the CEO to include for the first year of your selected analysis a) brief annual financial performance b) projections for the future. Part 2. (1 Mark) For the first year of your analysis prepare a brief summary of the Auditor's report and include the name of the auditor company and "word for word the auditor opinion" at the end of the auditor's report. Part 3 (2.5 Marks) Using the Balance sheet and income statement prepare a financial ratio analysis for 2021,2020,2019 using the following ratios: For accounts receivable turnover and inventory turnover group 1 use 2021,2020,2019; group 22020,2019,2018 and comment if the company's ratios improved in the first year you are analyzing and if the ratios disclosed favorable or unfavorable performance. The ratios to be used are: (1 Mark) Comparative schedule of ratios Group 1 Comparative schedule of ratios Group 2 Calculations Comparative schedule of ratios Group 2 Calculations ComparativescheduleofratiosGroup2 Calculations (1.5 Marks) Prepare a conclusion disclosing the overall company's performance for each ratio above. Part 5. (2 Marks) (1 Mark) Use the following Z-score model 1 to analyze the company's performance: Group 12021 2020. Group 220192018 Model Z score =Z1=1.21+1.42+3.33+.64+1.05 X1=( Current assets current liabilities )/ total assets X2 = Retained Earnings / total assets X3 = Income from operations (EBIT)/ Total Assets = Means Operating Income / Total Assets X4 = Market value of common and preferred shares / value of total liabilities X5= Sales / total assets Total (1 Mark) Calculations and Comments Part 6. (1 Mark) Extend the analysis of the company using the following ratios: Group 12021 group 22018 (2 Marks) Prepare an overall conclusion lines of the work you performed and the results derived