Assignment Task 2019 2000 116,268 48.675 67,592 19.996 13.670 33.926 2.672 31,254 7.600 23.654 Question 1 Detailed below are the most recent accounts of Quinn Ltd. Income Statements for years ended 31 March 2020 000 Revenue 116.422 Cost of sales 59.129 Gross profil 57.294 Selling and distribution costs 21.472 Administrative expenses 17 424 Operating profit 18,398 Finance costs 3.860 Profit before Taxation 14,538 Tax 5.538 Profit for the year after tax 9.000 Statement of Financial Position on 31 March 2020 E000 Non-current assets 100,310 Current assets Inventory 24.568 Trade receivables 48,884 Cash & cash equivalents 4376 77.828 Total assets 178.138 Liabilities and equity Current liabilities Trade payables 20.940 Tax liabilities 6.600 Bank overdrafts & loans 6.709 34,248 Non-current liabilities Bank loans 54.132 Total liabilities BA380 Net assets 89.758 2019 E000 102,652 22.438 35.744 B. 66.790 169.442 17.124 8.250 1.599 26,964 59.666 BORO 82.12 Equity Share capital Share premium account Retained earnings Total equity 47,584 10,304 31. AZO 89.758 47,584 10,304 26924 82.812 Required: Analyse and interpret the financial performance and efficiency, including the management of working capital of the company. Use relevant ratios and other appropriate calculations to support your analysis