18:04 llll 71% i This document contains ink, shapes and image... (LEVEL 600) SEMESTER II--Individual Assignment MCPC 602: BUSINESS FINANCE The Superior Print Limited is a printing firm and do provide other stationery services to its cheats across the country. As a Financial Analyst you are expected to assess the performance of the company's income and financial position below. SUPERIOR PRINT LIMITED Comprehensive Income Statement for the Years Ended December 31, 2015 and 2014 Particulars Net sales Cost of goods sold Gross profit Operating expenses Net operating profit Interest expense Net profit before taxes Income tax Net income for the year 2015 2014 GHE 260,000 GH 240,000 (150,000) (157,500) 80,000 $2,500 (64-300) (63,000) 15,700 19,500 (3.200) (3,500) 12,500 16,000 (3.750) (4,800) 8.750 11.200 SUPERIOR PRINT LIMITED Statement of Financial Position as at December 31, 2015 and 2014 Particulars 2015GH 2014GH ASSETS Non Current Assets: Land 20,000 20,000 Buildings and equipment 60,000 42,500 Total Non-current Assets 80,000 62,500 Current Assets: Cash Accounts receivables Inventory Prepaid expenses Total Assets 6,000 11,750 30,000 20,000 40,000 50,000 1.500 600 157,500 144,850 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable Notes payable Total current liabilities Long-term Liabilities: Bonds payable 33,500 22,000 1,500 3.000 35,000 25,000 37.500 40,000 Total liabilities Preferred Stock Common stock 72,500 65,000 Shareholders' Equity: 10,000 10,000 30,000 30.000 Additional paid in capital 5,000 5,000 Total paid-in capital 45,000 45,000 Retained earnings 40.000 34,850 Total shareholders' equity 85,000 79,850 Total Liabilities and Shareholders' Equity 157.500 144.850 Required: Using horizontal and vertical analysis technique. compute and interpret the performance of Superior Print Ltd for both years stating your assumptions O Tetal-(10 Marks)