East Sussex Wines plc has been in operation for the last 10 years and performing very well. However, over the last 18 months the company has had to cope with Covid-19 restrictions, in line with government guidelines.

The company is unsure how or if these have affected the business.

You have been provided with the companys statement of profit or loss and statement of financial position for the financial years ending 31 July 2020 and 31 July 2021.

Required

You have been asked to calculate appropriate ratios for the company and comment on its performance.

East Sussex Wines plc Statement of Financial Position For the year ended
	31-07-21	31-07-20
ASSETS
Non-current assets
Land and buildings	35,000	24,000
Plant, and equipment	16,700	11,000
Total non-current assets	51,700	35,000
Current Assets
Inventory	16,300	11,500
Trade Receivable	9,100	7.900
Cash	3,100	16,200
Total current assets	28,500	35,600
Total Assets	80,200	70,600
EQUITY AND LIABILITIES
Equity
Ordinary shares 1	8,000	8,000
Retained profits	23,850	18,450
Total Equity	31,850	26,450
Non-current liabilities
Bank Loan (due in 10 years)	35,000	35,000
Current liabilities
Trade Payable	12,100	8,200
Tax payable	1,250	950
Total liabilities	48,350	44,150
Total Equity & Liabilities	80,200	70,600