Dzandu Ltd is a listed company that assembles domestic electrical goods which it then sells to both wholesale and retail customers. Dzandu Ltd.s management was disappointed in the companys results for the year ended 31 March 2018. In an attempt to improve performance, the following measures were taken early in the year ended 31 March 2019: A national advertising campaign was undertaken, Rebates to all wholesale customers purchasing goods above set quantity levels were introduced, The assembly of certain lines ceased and was replaced by bought in completed products. This allowed Dzandu Ltd to dispose of surplus plant. Dzandu Ltd.s summarized financial statements for the year ended 31 March 2019 are set out below: STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2019 GHSm Revenue (25% cash sales) 4,000 Cost of sales (3,450) Gross profit 550 Operating expenses (370) Operating profit 180 Profit on disposal of plant (note (i)) 40 Financial charges (20) Profit before tax 200 Income tax expense (50) Profit for the year 150 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2019 Non-current Assets: GHSm GHSm Property, Plant and equipment (note (ii)) 550 Current Assets: Inventory 250 Trade receivables 360 Bank nil 610 Total Assets Equity and Liabilities: 1,160 Stated capital (400m shares) 100 Income Surplus Non-current liabilities 380 480 8% loan notes Current liabilities 200 Bank overdraft 10 Trade payables 430 Current tax payables 40 480 Total equity and liabilities 1,160 Below are ratios calculated for the year ended 31 March 2018: Return on year end capital employed (profit before interest and tax over total assets less current liabilities) 28.1% Net assets (equal to capital employed) turnover 4 times Gross profit margin 17% Net profit (before tax) margin 6.3% Current ratio 1.6:1 Closing inventory holding period 46 days Trade receivables collection period 45 days Trade payables payment period 55 days Dividend yield 3.75% Dividend cover 2 times Notes: Dzandu Ltd received GHS 120m from the sale of plant that had a carrying amount of GHS 80m at the date of its sale. The market price of Dzandu Ltd.s shares throughout the year averaged GHS3.75 each. There were no issues or redemption of shares or loans during the year. Dividends paid during the year ended 31 March 2020 amounted to GHS 90m, maintaining the same dividend paid in the year ended 31 March 2019. Required: a. Calculate ratios for the year ended 31 March, 2019 (showing your workings) for Dzandu Ltd, equivalent to those provided above. b. Analyse the financial performance and position of Dzandu Ltd for the year ended 31 March 2019 compared to the previous year.