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($'000) 2016 2015 Revenue 6,655 6,014 Net Profit 1,980 1,900 Average receivables collection days (in days) 19 21 Average cash balances 20 19 Additional info:
($'000) | 2016 | 2015 |
Revenue | 6,655 | 6,014 |
Net Profit | 1,980 | 1,900 |
Average receivables collection days (in days) | 19 | 21 |
Average cash balances | 20 | 19 |
Additional info:
- country's inflation rate is about 3% per annum
- industry average receivables collection period is 35 days
- industry average turnover growth rate for sole proprietorships: 6%
Assess the financial performance of the company using the above given information.
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