Britney Malcolm is prepared to evaluate the past year's financial results for Vitality Natural Care. Positive reviews and strong sales have greeted the new hand cream, but Britney wants to have the financial information considered before making any decisions about its future. In addition to comparing the actual and anticipated expenditures of the new hand cream, Britney should evaluate the financial performance and position of her company in light of the financial accounts from the previous two years. Britney has sent you the $2022$ and $2023$ financial statements.

directions for the task

Write a report that examines Vitality Natural Care's financial performance, financial condition, and product performance.

Financial position

Analyse financial statements for the business to determine overall financial position

by considering:

level of assets

level of liability

changes in equity.

Explain whether the financial position is strong

Recommend three appropriate ways to improve the financial position.

Plus operating profitShareholders' $$quty $1/4/2021$Cosing equiy $31$s$/$XLes Cost of Goods SoldGross ProfitOperatng expenses$|$Marketing expensesfor the year ended $31$ March $2022$olders' EquVitality Natural Care itd.for the vear ended $31$ March $2027$tatementVitality Natural Care Ltd$.$Vitality Natural Care Ltd$.$Gosing equty $31/3/2023$for the y rended $31$ March $2023$hotomentVitality Natural Care Ltd$.$es in equitych $2023$S$73,050|$Balanceas at $31$ March $202$:$7\mathrm{.}075$