1. Case Analysis: Al Ismail Fashions (AF) is a gament company located in Althwair Muscat which consists primarily ot much smaller garment makers, Alf was started 13 years ago by Ahmed and Salim, who has over 15 years of experience with a major garment manufacturer. And the partnership initially blended very well. Ahmed is extremely creative with a real talent for merchandising, Mainly as a result of his knowledge, the Alf is known for its quality and fashion, Salim has contributed to merchandising and marketing deas, but us mainly assumed the duties of the firm's chief operating officer Ahmed hes had Intle interest in the financial aspects of the company as he preferred to work on fashion designing and development of marketing strategies. A few months aga however, he decided that he had better become more involved with the company's financial Ahmed want to analyze the financial statement of the company to know the current financial performance and positions of the company. The following we the financial details of the AF. OMR Assets OMR 4.000 27,800furniture 1,550Cash in hand 2.550its receivables 950Land 6.520Marketable securities 3.750 Liabilities Equity share capital Accounts Payable Reserves and surplus Bills payable Long term borrowings Outstanding Salaries Loan from Bank Preference share capital Bank overdraft lux outstanding 9.000 850 850Cash in bank 5.250 6.600 850 1350 1.150 2150 3.450fuilding 5.265Prepaid expenses 125Cars & Trucks 590Account Receivables Inventory Income and but not received Machinery Equipment 50,350Total 130 6.250 2220 Total 50,350 Other information Particulars OMR Sales 330.000 Cost of goods sold 155.000 Administration expenses 33.000 Selling & Distribution exp 44000 Interest received 12.200 Rent Received 2000 Commission received 1.750 As a Finance Manager of the company you are required to: Requirement: 1 Calculate the following from the Balance Sheet: Marks A Total fixed assets 0.5 8 Total long term liabilities 05 Total current assets 0.5 D Total current liabilities 0.5 E Shareholders' funds 0.5 F Capital employed 0.5 Marks Requirement: 2 Calculate the following from the additional information given G Gross profit 0.5 H Net profit 0.5 Requirement:3 Calculate the following ratios: : Marks Return on capital employed 1.0 Current ratio 1.0 K Liquid ratio 1.0 1.0 L Return on Equity 1.0 Gross Profit & Net Profit Margin M 1.0 N Give a brief report on the financial position of the company based on the above figures