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I need a solution in an hour at most. You can skip explaining in detail Key West has started its operations in 2018. Chief accountant

I need a solution in an hour at most. You can skip explaining in detail

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Key West has started its operations in 2018. Chief accountant has provided you with the following statements: Statement of Financial Position as at 31 May 2020 as at 31 May 2021 $ $ Non-current assets Property 130 820 129 302 Equipment 12 092 10 293 Current assets Inventory 5 820 3 028 Accounts Receivable 4 280 1 023 Prepayments 1 204 489 TOTAL ASSETS 154 216 144 135 Non-current liabilities Loan 31 648 25 031 Current liabilities Accounts Payables 2 930 2 766 Accruals 559 203 Bank Overdraft 50 203 Owner' equity 119 029 115 932 TOTAL LIABILITIES AND OWNER'S EQUITY 154 216 144 135 Statement of Profit or Loss for the year ended 31 May 2020 $ Revenue 50 238 Cost of goods sold 35 920 Gross profit 14 318 Wages and salaries 2 930 Rent and Insurance 1 392 Other operating expenses 2 919 Depreciation 3 029 Interest 930 Taxes 203 Profit 2 915 Statement of Profit or Loss for the year ended 31 May 2021 $ Revenue 49 201 Cost of goods sold 35 002 Gross profit 14 199 Wages and salaries 2 904 Rent and Insurance 1 403 Other operating expenses 4 039 Depreciation 3 049 Interest 600 Taxes 166 Profit 2 038 Required: Discuss the financial performance of Key West Co for the year ending 31 May 2021 with regards to Profitability (minimum four ratios), Liquidity (minimum four ratios) and Financial Gearing (at least one ratio) ratios. Provide detailed calculations and provide conclusions for each ratio

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