Assets Non-current assets Investment at cost Current assets: Inventory - Accounts receivable -Cash 2019 1 800 000 1 100 000 3008 000 1 500 000 1 500 000 8000 2018 900 000 1 300 000 1 345 000 375 000 350 000 620 000 5 908 000 3 545 000 Equity and Liabilities Ordinary share capital 10% Preference share capital Retained earnings Shareholders' equity Non-current loan Debentures Deferred tax Current liabilities: - Accounts payable 500 000 350 000 1 658 000 2 508 000 2 000 000 600 000 400 000 500 000 300 000 945 000 1 745 000 800 000 600 000 300 000 400 000 100 000 3 908 000 3 545 000 Financial Statement Analysis: Consider the following financial statements of Elita Stutes and Adluff Fushvitis a fashion retail outlet comprising a large chain of stores You must then analyse financial statements by using analysis tool (vertical, horizontal and ratio- liquidity, profitability and solvency ratio), compare and interpret the intention of investment therein Elita Stores Statement of comprehensive income For the year ended 31 December 2019 Gross revenue Cost of sales Gross profit Add interest income Other expenses Computer software Badehts Advertising Salaries and wages Insurance Depreciation Profit from operations Less finance charges Profit before tax Taxation expense Profit for the period Other comprehensive incrime Total comprehensive income Market price per share 2019 Rs 5 000 000 3 000 000 2000 000 100 000 2 100 000 CO 00 50 000 295 000 120 000 90 000 200 000 45 000 2015 Rs 3 000 000 1 500 000 1 500 000 90 000 159000 290 00 20 000 50 000 60 000 40 000 100 000 20 000 1 300 000 100 000 1 200 000 4400 760 000 0 760 000 1300 000 10 000 1 290 000 645 000 645 000 0 615 000 115 105