Discuss the performance of the company over the two years for the following, using the ratios relevant to their role in the business. Shareholders Internal management Trade suppliers

The latest financial statements for a public limited company are summarised below: Income statements for the years ended 31" December in millions: Income Statements Sales Gross profit Operating profit Interest payable Profit before tax Taxation Profit after tax Dividends Retained profit for the year 2019 100 40 15 5 10 3 7 6 1 2020 110 43 17 9 8 2 6 6 0 Statements of financial position as at 31" December in millions: 2019 146 2020 244 Statements of financial position Non-current assets at net book value Current assets: Inventory Receivables Total assets 12 9 24 179 18 274 50p Ordinary shares Share premium Retained profits Shareholders' funds 60 0 48 108 90 20 48 158 Debentures 45 90 Current liabilities: Payables Bank overdraft Dividends Corporation tax Shareholders' funds and liabilities 12 5 6 3 179 12 6 6 2 274