Harambee manufacturing (PTY) Limited is a company that produces industrial paints. Since

the beginning of 2019, the products have been marketed mainly through Independent

regional distributors instead of directly to completed product users, which was the previous

policy.

Your own company, which has substantial resources, is the major user of this products. We

have recently been asked by the financial director of Harambee Limited whether your

company will be willing to provide short-term loan finance at current market rates.

You have been given access to the to the account of Harambee for the past three years extract those accounts are shown below.

	2020	2019	2018
	$m	$m	$m
Turnover	200	176	175
Statement of financial Position
	2020	2019	2018
	$m	$m	$m
Assets
Property, plant and equipment	83	63	60
Current assets
inventory	82	55	50
Trade debtors	55	42	33
Other recievables	2	1	2
Cash and Cash equivalents	0	0	4
	222	161	149
Equity and Liabilities
Ordinary share of $1 each	31	31	21
Retained earnings	66	61	60
Long term loans	35	24	37
Current Liabilities
Trade creditors	35	25	22
Dividend for shareholders	2	0	5
Taxation	5	3	4
Bank overdraft	47	17	0
	222	161	149

Compute the relevant ratios for 2018, 2019, and 2020 required for an analysis of the companys liquidity and the management of its assets and the trade creditors. You are to assume 365 days in the year. (Use turnover, as cost of sales is not available)