Question A (60 points) - Spreading 1. Use the annual report provided in Appendix 1 to complete a full spreading for Pacific Textiles Holdings Limited for the year ended 311312020. You can refer to the column provided in Appendix 2. (45 points) Assumptions on depreciation and amortization (i) Depreciation of COGS includes items under "Buildings", "Plant and machinery", "Leasehold improvements, furniture and equipment" of Property, Plant and Equipment (ii) Amortization of SGSLA includes items under Land Use Rights, "Leasehold land\" of Property, Plant and Equipment, and Right-of-Use Assets (iii) Other items are under Depreciation of SGSCA Assumption on dividend The final dividend proposed for the year will be declared and paid only in the next financial year. 2. The company recorded losses on FX contracts/derivatives for the year ended 31/3/2020. Assuming the outstanding contracts remained unchanged, what is the additional financial loss to the company if the currency moved 5% against its FX contracts position? (3 points) 3. Assuming that the company only has one non-wholly owned subsidiary, which it owns 71.25%. What is the networth and the profit or loss of this company for the year ended 311312020? (4 points) 4. Please comment on the company's Accounts Receivables quality, please show available information to justify your answers. (4 points) 5. What is the length of the company's asset conversion cycle, please show the calculation and the breakdown? What is the number of days that the company need non-spontaneous financing? (4 points)