Despite the negative impacts on the economy of COVID-19, investors in Nichols plc are heartened by the 2021 turnover results that show an increase in turnover by around 20%. To quote John Nichols, the groups Non-Executive Chairmen, \"Total Group revenues for the period were 144.3m, an increase of 21.6% compared to 2020 and importantly, broadly However, the drinks industry operates in a competitive environment and is always looking to improve its performance further. It should be noted that this company and its accounts are particularly interesting since its revenue has increased but its profits have reduced! Shareholders demanded that the Board of Directors appoint a recent, high quality Masters Student to assess the performance of the company and make management recommendations. With the agreement of Christine Shillington, People & Sustainability Director, Nichols plc management have appointed you a Financial Analysts - to the task of appraising the company and providing recommendations on how the performance can be enhanced. Your task has been split into 5 mini-tasks as follows: Task One As a Financial Analyst and using the Annual Report and Accounts of Nichols plc for the period 2020 and 2021, you are required to evaluate the performance of the company across all categories of ratios. The annual report that contains the annual accounts for these years are available at the following link: httpszwwwnicholsploco.uk/investors/annual-reports/ You are required to calculate 2 ratios from each category of ratios (liquidity, profitability, asset utilisation, gearing and investor) and show clearly how you have calculated the ratio