BMG Ltd is a manufacturer of auto components for the South African motor industry. You are tasked with analyzing the

performance of the firm over the latest two years. A simplified statement of comprehensive income and statement of

financial position are provided below.

BMG Ltd Statement of Comprehensive Income for the year ended $28$ February $2023$

BMG Ltd Statement of Financial Position as at $28$ February $2023.$ Additional information:

$$ BMG Ltd pays out $60\%$ of its profits as dividends.

$$ Number of shares outstanding $(2022$ and $2023)$: $15000$

$$ Market price per share: R$15\mathrm{.}00(2022)$

R$25\mathrm{.}80(2023)$

Required:

Analyse the profitability and asset management of BMG Ltd for the $2022$ and $2023$ financial years. Your

analysis should include a comparison of relevant ratios in $2022$ and $2023.$ Assume $365$ days in a year. The

ratio analysis should include Net Profit Margin, Gross Profit Margin, Return On Assets, Return On Equity,

Inventory Turnover, Accounts Receivable Period, Accounts Payable Period and Total Asset Turnover.