Analyse the financial performance and position of QW based on the information provided and discuss whether you would recommend QW for equity investment at this time.

uestion Qw, a listed entity, manufactures recyclable packaging. On 1 September 2016, after much negotiation, QW secured a contract with one of the largest supermarket chains in the country. This contract is expected to double Qw's market share within the next two years. On 1 December 2016 QW acquired 80% of the equity share capital of one of its suppliers, RT, in order to safeguard its supply chain. Qw's share price was $1.70 on 31 December 2015 and s3.42 on 31 December 2016. Aclient of yours is considering investing in QW's shares. The following financial information for QW is available: Consolidated statement of nnancial position as at 31 December 2016 2015 ASSETS Sm Sm Non-current assets: Property, plant and equipment 470 Goodwill 35 21 505 373 Current assets: Inventories 95 Receivables Cash and cash equivalents Total assets EQUITY AND LIABILITIES Equity: Share capital (si equity shares) 170 Share premium 120 Retained reserves 402 Non-controlling interest equity liabilities: 500 359 Long term borrowing 34 Finance lease liability 40 40 74 Current liabilities Trade and other payables 93 Finance lease liability 74 Total liabilities Total equity and liabilities