You are given the following statement of financial position information about Jackdan Ltd. You are required to comment on the financial position and performance of the company, making use of appropriate ratios.

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Statement of financial position of Jackdan Ltd as at 31 December Assets Non-current assets Property, plant and equipment Current assets Inventories Trade receivables Cash Total assets Liabilities and equity Current liabilities Trade payables Taxation Interest payable Year 1 Year 2 000 000 84 300 330 70 90 50 70 30 40 150 200 450 530 38 45 32 30 40 35 100 120