2. Look at the following information and comment on the question at the foot of the statements, using appropriate ratios for evidence. \begin{tabular}{lcc} STATEMENT OF FINANCIAL POSITION AS AT ... \\ NON-CURRENT ASSETS & & \\ Land and buildings & 3.8 & \\ Equipment & 0.9 & \\ Vehicles & 0.5 & 5.2 \\ CURRENT ASSETS & & \\ Inventories & 3.8 & \\ Trade receivables & 3.6 & \\ Bank & 0.1 & 7.5 \\ \hline \end{tabular} No dividends have been paid for the last 3 years Recently trade payables have been pressing for payment and to reduce payment periods, further loans would be needed from the bank. The interest rate on the current short term loan is 10%. Required: 1. calculation of relevant profitably, liquidity, asset usage and investment ratios 2. Comment on the liquidity position and consider whether the bank is likely to grant a further overdraft. 3. Justified conclusions and recommendations for your client about the overall business performance. 4. Outline of the benefits of contemporary accounting software packages, with examples of products on the market 5. What is variance? Explain with example price, quantity and material variance