Current ratio

2.08(2019)

2.26(2018)

2.51(2017)

2.43(2016)

2.50(2015)

Quick ratio

0.97(2019)

1.34(2018)

1.82(2017)

1.76(2016)

1.64(2015)

Profit before taxes divided by interest expense

3.50(2019)

3.20(2018)

4.10(2017)

5.30(2016)

7.10(2015)

Days to collect receivables

108.20(2019)

83.10(2018)

105.20(2017)

80.60(2016)

71.60(2015)

Days to sell inventory

172.60(2019)

195.10(2018)

133.90(2017)

107.80(2016)

108.30(2015)

Net profit divided by ordinary equity

0.05(2019)

0.06(2018)

0.10(2017)

0.10(2016)

0.11(2015)

Earnings per share

4.30(2019)

4.26(2018)

4.49(2017)

4.26(2016)

4.14(2015)

Required:

1. a)Based on the preceding ratios, discuss what major conclusions can be drawn from this information about the company's future. (10 marks)

b)Discuss which aspects (accounts and/or assertions) of the company you believe should receive more attention in the audit.