8. The following are the comparative financial statements for three years for Plastic Works Limited. You are required to comment on the firm's financial condition and indicate the areas which require management's attention. Table 25.40: Plastic Works Limited Comparative Balance Sheets R) Liabilities and Capital 20X3 20X2 20X1 Bank borrowing 30,525 10,175 Creditors 3,31,127 1,47,725 1,13,980 Accrued expenses 21,510 14,361 20,350 Provision for div. 20,350 20,350 20,350 Provision for taxes 56,367 88,435 86,111 Total current liabilities 4,59,879 2,81,046 2,40,791 Long-term loan 71,225 Nil Nil Total liabilities 5,31,104 2,81,046 2,40,791 Share capital 4,07,000 4,07,000 4,07,000 Reserves and surplus 80,983 88,826 67,067 Net worth 4,87,983 4,95,826 4,74,067 Total Funds 10,19,087 7,76,872 7,14,858 20X3 20X2 20X1 Assets Cash 99,164 35,922 13,930 Debtors 2,15,356 2,07,780 2,11,196 Stock: Raw material 133,577 107,409 98,411 Work in process Finished goods Prepaid expenses 47,882 50,179 42,230 266,534 177,788 17,350 13,726 174,892 12,697 Total current assets 779,863 592.804 553,356 Buildings, plant and equipment 229,314 177,047 161,502 Misc. fixed assets 9,910 7,021 Total non-current assets 239,224 184,068 161,502 Total Assets 1,019,087 776,872 714,858