Mario's Pizza Palace Adjusted trial balance as at 30 June 20XX
Account number		Account		Debit		Credit
100		Cash		42,350
110		Cash float		450
120		Accounts receivable		679
130		Inventory - food		1,366
140		Inventory - packaging		995
150		Prepaid advertising		293
160		Prepaid insurance		1,418
170		Motor vehicles (cost)		19,290
171		Accumulated depreciation motor vehicles				15,995
180		Store equipment (cost)		32,750
181		Accumulated depreciation store equipment				14,635
200		Accounts payable				14,767
210		PAYG withholding payable				1,356
220		Superannuation payable				243
230		Wages payable				1,238
280		Bank loan				17,822
300		Owners capital				60,275
310		Owners drawings		41,127
400		Sales income				183,203
410		Sales returns and allowances		48
420		Discounts received				522
430		Delivery income				31
500		Food purchases		55,560
510		Purchase returns and allowances				379
520		Packaging costs		14,926
530		Discount given		288
540		Freight inwards		77
600		Accountancy fees		1,138
605		Advertising expense		4,023
610		Bank charges		871
615		Depreciation		7,133
620		Electricity and gas expense		2,970
625		Insurance expense		2,536
630		Interest expense		1,019
635		Motor vehicles expense		4,927
640		Printing, postage and stationery expense		495
645		Rent expense		26,480
650		Repairs and maintenance expense		690
655		Sundry expenses		304
660		Superannuation expense		3,657
665		Telephone expense		3,773
670		Wages expense		38,833
				310,466		310,466

ADDITIONAL INFORMATION:

The end of June stocktake has determined that the closing inventory value of food is $1,775 and packaging is $3,825.

Required:

Summary of the financial reports.

conduct appropriate ratio analysis for the current year and report on the profitability, liquidity and financial stability .

Identify any limitations in ratio analysis.