Activity $3$:

After completing the previous activity, your supervisor, asked you to interpretation of financial statements using financial ratios for omega company.

Omega Bookshop

Income Statement$-$comparative statements

December $31\mathrm{.}2021$ December $31\mathrm{.}2022$

Net Sale $36404990$

Cost of goods sold $(1920)(2640)$

Gross profit $17202350$

Operating expenses $($OPEX$)$:

Salaries and wages expenses $9001150$

Supplies expenses $200300$

Rent expenses $300400$

Utilities expenses $200300$

Total operating expenses $(1600)(2150)$

Income before interest and tax $120200$

Interest expenses $(20)(40)$

Income before tax $100160$

Tax $(25\%)(25)(40)$

Net Income $($Net loss$)75120$

Omega company

Financial position$-$ Years ended December $31,2021$ and $2022$

Item $20212022$

Assets

Current Assets

Cash & Cash equivalent $5072$

Accounts Receivable $180190$

Merchandising inventory $250320$

Prepaid expense$$s $1018$

Total current Assets $490600$

Long term investment $200180$

Property plant & equipment $($PP&E$)9001004$

Total Assets $15901784$

Liabilities

Accounts payable $90235$

salaries payable $2530$

Tax payable $2535$

Total current liabilities $140300$

Long term Liabilities $250250$

Total liabilities $390550$

Stockholders$$ Equity

Common stock $9001050$

Retained earning $300184$

Total stockholders$$ Equity $12001234$

Total Equity & Liabilities $15901784$

Additional Information:

$$ The number of shares equal $500$ shares

$$ The market value per share on $12/31/2022$ amounted to $1\mathrm{.}50$

Q$2$: use the calculated financial ratio below, compare the performance of al$-$Aqsa company between $2022$ and $2021$:

$20212022$ Industry Average

Current ratio $1\mathrm{.}21\mathrm{.}12$

Quick ratio $0\mathrm{.}760\mathrm{.}81\mathrm{.}25$

Inventory turnover $0\mathrm{.}80\mathrm{.}71\mathrm{.}6$

average collection period $988764$

Profit margin $1\mathrm{.}5\%2\mathrm{.}1\%5\mathrm{.}2\%$

Return on assets $4\mathrm{.}5\%6\mathrm{.}5\%1\mathrm{.}1\%$

Return on equity $6\mathrm{.}4\%9\mathrm{.}0\%2\mathrm{.}6\%$

Calculate and present financial ratios from a set of final accounts to compare the performance of the organisation for $2021$ and $2022.$ Then Evaluate the performance of the organisation over this time period using the financial ratios with reference to relevant benchmarks.

Finally, critically evaluate financial statements to assess organisational performance using a range of measures and benchmarks and make conclusions. Your conclusions should be well$-$founded and backed by justified reasoning based on the assessment of financial data. please i need just the final answer in the box that in the attatched photo