Carreras Limited is the leading marketer and distributor of cigarettes and tobacco related products in Jamaica. The company is a publicly listed company with local and international ownership. Jamaican shareholders own approximately 49.6% of the company with the majority interest being held by British American Tobacco. As the Chief Financial Officer of this institution, you are charged to lead a group of analysts to prepare a report to the Board of Management on the financial health and wealth of the institution. The annual report for Carreras Limited is provided. View and analyze the financial statements for the years 2019 and 2020. Your report must include:

1. A comparative analysis of the years 2019 and 2020 after calculating two (2) ratios from each category listed below:

1. Profitability and management efficiency ratios
2. Short term financial stability ratios
3. Long term financial stability ratios
4. Investors ratios

2. An analysis the wealth and health of the company based on the ratios above

3. Five recommendations on the prospects of the company as it moves into the year 2022 with many uncertainties within the industry

4. Report on the challenges Carreras Ltd may face when analyzing and interpreting its performance due to changes in its accounting policies for recording transaction/elements in the financial statements.

E. Prepare a Common Size Income Statement and Statement of Financial Positions for the years 2019 and 2020.

CRITERIA	Total Marks	Students Marks	COMMENT
A. Two ratios from each category below adequately identified. (2.5 marks each) Profitability and management efficiency ratios Short term financial stability ratios Long term financial stability ratios Investors ratios	5 marks 5 marks 5 marks 5 marks
Comparative Analysis for 2019/2020	20 marks
B. Written report to the CEO of Carreras Ltd Summary table showing the ratios Analysis of the wealth and health of the company based on the ratios above	5 marks 15 marks
C. Five Recommendations on the prospects of the company.	marks
D. Challenges Carreras Ltd may face when analyzing and interpreting its performance due to changes in its accounting policies for recording transaction/elements in the financial statements	marks
E. Common Size Income Statement Common Size Balance Sheet	10 marks 10 marks
APA Format for reporting	5 marks
TOTAL MARKS	105