B (1) The summary financial information of A-Z Limited, a manufacturing company for the year ended 31 December: Statement of Comprehensive Income 2017 2018 2019 20120 GHe000 2021 GH000 GHe000 GHe000 GHe000 Revenue Cost of sales Gross Profit Other Income 80,970 89,743 132,126 193,034 248,499 (27,480) (30,010) (61.989) (103,300) (111,395) 53,481 59,733 70,137 89,734 137,104 1.342 985 1,061 898 18,131 Operating expenses (46.349) (53.911) (63.133) (72,880) (87.678) Operating Profit 8,474 6,807 8,065 17,752 67,557 Investment Income 448 488 1,014 3,312 1,532 Profit Before Interest & Tax 8,922 7,295 9.079 21,064 69,089 Finance Charges (387) (58) (162) (4.851) (5,211) Profit Before Taxation 8,535 7,237 8,917 16,213 63,878 Taxation (1,302) (277) (3.375) (6.317) (20.181) Total Comprehensive Income 7.233 6.960 5.542 9.896 43.697 Statement of Financial Position 2017 2018 GHe000 GH000 GH2000 2019 2020 GHe000 GHe000 2021 Non-Current Assets Plant and Equipment 2,857 Motor Vehicle 10.073 12.930 4.976 6,778 6,221 13.974 83.408 61.917 18,950 7,904 70,007 90,186 68,138 77,911 Current Assets Inventories 7,964 12,598 29,271 17,401 25,009 Trade Receivable 11,738 18,141 30,994 43,428 78,819 Cash and Cash Equivalent 17,411 14,815 89,062 76.051 96,098 37,113 45.554 149,327 136,880 199,926 Total Assets 50.043 64,504 239.513 205.018 277,837 Equity and Liabilities Equity Share capital 24,530 27,143 129,837 104,126 120,246 Retained Earnings 14.514 21.474 26.056 11.200 13.400 39.044 48,617 155,893 115.326 133,646 Liabilities Non-Current Liabilities Loans and Borrowing 158 300 114 911 581 Finance Lease Obligation 45 4,000 Preference Share Liability 50,111 50,111 50,111 Deferred Tax Liability 1.359 900 1.957 2.146 2.941 1.562 5,200 52,182 53.168 53,633 27480 80470 212 Current Liabilities Bank Overdraft 817 50 Short-Term Loan 115 245 1,908 Finance Lease Obligation 83 39 96 153 Trade and Other Payables 9.239 9.586 29.480 36.428 90.405 9,437 10,687 Total Liabilities 10,999 15,887 Total Equity and Liabilities. 50.043 31,438 36,524 83,620 64.505 239.513 205.018 277,837 90.558 89,692 144,191 You are required to compute the trend ratios for A-Z Limited from the year 2016 to 2020 and discuss your results. SECTION B (1) The summary financial information of A-Z Limited, a manufacturing company for the year ended 31 December: Statement of Comprehensive Income 2017 2018 2019 20120 GHe000 GH000 GHe000 GH000 2021 GHC000 Revenue Cost of sales 80,970 89,743 132,126 193,034 248,499 Gross Profit (27,480) (30,010) (61,989) 53,481 59.733 70,137 (103,300) (111,395) 89,734 137.104 Other Income 1,342 985 1,061 898 18.131 Operating expenses (46,349) (53,911) (63,133) (72,880) (87,678) Operating Profit 8,474 6,807 8,065 17,752 67,557 Investment Income 448 488 1,014 3,312 1,532 Profit Before Interest & Tax 8,922 7,295 9,079 21.064 69,089 Finance Charges (387) (58) (162) (4.851) (5.211) Profit Before Taxation 8,535 7,237 8,917 16,213 63,878 Taxation (1.302) (277) (3.375) (6.317) (20.181) Total Comprehensive Income 7.233 6,960 5.542 9.896 43,697 Statement of Financial Position 2017 2018 2019 2020 2021 GHe000 GH000 GH000 GH000 GH000 Non-Current Assets Plant and Equipment 2.857 Motor Vehicle 4,976 6,778 6,221 10.073 13.974 83,408 61.917 12.930 18,950 90,186 68,138 7,904 70.007 77,911 Current Assets Inventories 7,964 Trade Receivable 11,738 Cash and Cash Equivalent 17,411 Total Assets 12,598 29,271 17,401 25.009 18,141 30,994 43,428 78,819 14.815 89.062 76.051 96,098 37,113 45,554 149,327 136,880 199,926 50,043 64,504 239,513 205,018 277,837 Equity and Liabilities Equity Share capital Retained Earnings 39,044 24,530 27,143 129,837 104,126 14.514 21.474 26.056 11.200 48,617 155,893 115,326 120,246 13,400 133,646 Liabilities Non-Current Liabilities Loans and Borrowing 158 300 114 911 581 Finance Lease Obligation 45 4,000 Preference Share Liability 50,111 50,111 50,111 Deferred Tax Liability 1.359 900 1.957 2.146 2.941 1,562 5,200 52,182 53,168 53,633 27480 Current Liabilities Bank Overdraft 817 50 Short-Term Loan 115 245 1,908 Finance Lease Obligation 83 39 96 153 Trade and Other Payables 9.239 9.586 29.480 36,428 90,405 9,437 10.687 31,438 36,524 90,558 Total Liabilities Total Equity and Liabilities 10,999 50.043 15.887 64.505 239.513 205.018 83,620 89,692 144,191 277,837 You are required to compute the trend ratios for A-Z Limited from the year 2016 to 2020 and discuss your results