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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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