Below are the financial statements of the Adenta plc for the year ended 31st December 2021. Statement of comprehensive income for the year ended 31st December 2021 2020 GHS GHS Revenue 3,657,964 3,092,377 Operating cost of sales (2,161,493) (1,720,670) Gross profit 1,496,471 1,371,708 Other income 165,406 140,416 Administrative expenses (1,255,590) (1,324,494) Operating profit 406,287 187,630 Finance cost (248,457) (87,436) Profit before tax 157,831 100,194 Taxation (94,311) (15,350) Profit for the year 63,520 84,844 Statement of financial position as at 31st December 2021 2020 Assets GHS GHS Non-current assets Property-plant & equipment 4,612,494 2,551,400 Intangible assets 17,912 16,675 Investments in securities 18,315 18,315 4,648,721 2,586,389 Current assets Inventories 1,439,169 664,640 Trade receivables 937,797 1,123,374 Cash and bank balances 263,706 186,041 2,640,672 1,974,054 Total assets 7,289,392 4,560,443 Equity & Liabilities: Stated capital 108,734 108,734 Income surplus 644,570 581,050 Credit reserve 413,264 551,019 1,166,568 1,240,802 Non-current liability Interest bearing loan 3,354,299 1,400,112 Deferred taxation 93,812 93,152 3,448,111 1,493,264 Current liabilities Trade payables 628,847 775,233 Taxation 59,169 50,696 Other payables 1,496,834 510,584 Accrued expenses 489,865 489,865 2,674,714 1,826,377 Total equity & liabilities 7,289,392 4,560,443 The Finance manager of the company has selected the following performance ratios: Return on capital employed (%) Return on Equity (%) Gross profit margin (%) Current ratio (times) Acid test ratio (times) Inventory turnover (days) Trade receivables collection (days) Trade payables settlement (days) Debt-to-equity ratio Interest cover ratio (times) Required: As the Finance Manager, write a report to the Board of Directors of Adenta plc assessing the comparative performance of the company for the year ended 31st December 2021.