You are the management accountant of MSC Company Ltd. MBA Limited is a major competitor in the same industry and it has been operating for 20 years. Summary of MBA Limited's statements of profit or loss and financial position for the previous three years are given below. SUMMARISED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DEC. 2016 2017 2018 GHSM GHSM GHSM Revenue 840 981 913 Cost of sales 554 645 590 Gross profit Selling, distribution and admin. expenses Profit before interest 286 336 323 186 100 214. 122 219 104 Interest 6 15 19 Profit before taxation 94 107 85 45 49 tion 52 45 40 24 Profit after taxation 55 Dividends 24 24. SUMMARISED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2016 2007 2008 GHSM GHSM GHSM ASSETS Non- current assets: Intangible assets 36 40 48 216 264 Tangible assets at net book value 176 206 246 212 Current assets: Inventories 237 303 294 Reccivables 105 141 160 Bank 58 748 2017 52 52 606 Z70 EQUITY AND LIABILITIES 2016 2018 Equity: Stated capital Income surplus 100 100 100 299 399 330 346 430 446 Non- current liabilities: Long Term Loans Current Liabilities: 74 38 138 53 Trade Payables Other Payables 75 75 80 606 105 II 748 Z70 Required: Write a report to the finance director of MSC Company Limited analyzing the performance of MBA Company Limited and showing any calculations in an appendix to this report.