As part of the risk assessment phase, you must conduct analytical procedures:

• Based on the financial information given above, conduct analytical procedures using simple comparison and common-size analysis.

Financial Information:

	Estimated	Actual	Actual
Account	30-Jun	30-Jun	30-Jun
	2021	2020	2019
Sales Revenue	157,309,796	143,008,906	135,425,100
Product returns	-7,078,941	-2,574,160	- 2,708,502
FX Gain/Loss	805,041	-11,230	120,301
Other Revenue	4,460,400	1,001,062	712,356
Total revenue	155,496,296	141,424,578	133,549,255
COS	83,374,192	81,515,076	78,546,558
Salaries expenses	28,315,763	21,451,336	20,313,765
Administration expenses	11,011,686	10,010,623	8,125,506
Selling expenses	7,865,490	5,720,356	5,417,004
Borrowing Costs	3,845,700	3,311,423	2,945,001
Total expenses	134,412,831	122,008,815	115,347,834
Profit before income tax	21,083,466	19,415,763	18,201,421
Income Tax expense	5,270,866	5,048,098	4,550,355
Profit after income tax	15,812,599	14,367,665	13,651,066
Current assets
Cash	10,650,120	12,061,680	10,575,150
Accounts Receivable	21,845,000	20,580,400	18,757,824
Inventory	16,102,457	13,254,785	12,540,125
Total current assets	48,597,577	45,896,865	41,873,099
Non-current assets
Property, plant and equipment	25,140,124	19,250,123	18,600,825
Intangible assets	9,845,145	7,420,154	7,543,500
Total non-current assets	34,985,269	26,670,277	26,144,325
Total assets	83,582,846	72,567,142	68,017,424
Current Liabilities
Accounts Payable	22,564,012	20,156,000	19,875,050
Interest Bearing Liabilities	7,500,000	6,500,000	8,500,000
Total current liabilities	30,064,012	26,656,000	28,375,050
Non-current liabilities
Deferred tax liabilities	1,400,451	2,650,041	2,580,147
Interest-bearing liabilities	22,000,000	18,000,000	16,500,000
Total non-current liabilities	23,400,451	20,650,041	19,080,147
Total liabilities	53,464,463	47,306,041	47,455,197
Equity	30,118,383	25,261,101	20,562,227