Question: Question 21 [15 marks] Nvidia Corporation (Nasdaq: NVDA) is a multinational technology company designing graphics processing units (GPUs) for the gaming and professional markets, as

Question 21 [15 marks] Nvidia Corporation (Nasdaq: NVDA) is a multinational technology company designing graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market. The companys competitors include Advanced Micro Devices (AMD), Intel, and Qualcomm. Unless otherwise stated, references are to fiscal years (e.g., year 2021 means the fiscal year 2021 running from February 2020 to January 2021). The supplementary pdf and Excel documents contain extracts from markets.ft.com and from the companys 2021, 2020, and 2018 Annual Reports (Form 10-K). Refer to the information in the supplementary documents and below in answering this question. You must assume the following: The price of the companys common share is the closing price reported on the given date or, if unavailable, the closing price reported on the previous trading day. Although the company provides no information about segment assets, segments revenues may be used to approximate the relative sizes of a companys segments. To construct the benchmark firm for a company, matched single-segment (SS) firms are selected based on the median q ratios of all SS firms in the industries of the segments of the company. The All Other column/category included in the companys segment information is not a genuine operating segment and may be ignored. Note: Write all figures, except for per share data, in the unit of million. For example, Net income for fiscal year 2021 should be written as 4,332, i.e., as reported in the financial statements because it is reported in the unit of million (dollars). The number of shares data is also reported in the unit of million. Show major steps of computation and indicate the data inputs used; for repeated calculations, show at least one illustrative calculation. State any assumption necessary for carrying out your analysis and explain the basis of the assumption. Required: Rounding to two decimal places, answer the following for year 2021. i. Compute the q ratio of the company. [4 marks

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