4-Extracts of financial statements for calculating, comparing, and evaluating ratios using range of measures and benchmarks:

You are required to:

Critically evaluate financial statements to assess organizational performance using a range of measures and benchmarks to make justified conclusions.

(A) Income statement for the year ending 31 December 2021 and 2020 2020 OMR 58,900 36,500 22,400 4,500 Revenue Cost of sales Gross profit Distribution expenses Administrative expenses Other operating income Operating profit Interest payable Profit before taxation Taxation Profit for the year 2021 OMR 70,000 55,500 14,500 6,500 3,600 3,100 7,500 600 6,900 460 6,440 2,600 2,100 17,400 1400 16,000 300 15,700