Nikita Ltd is a family-owned clothes manufacturer based in Kabwe district. For a number of years, the chairman and managing director was Nikita Kabwe. During her period of office, sales revenue had grown steadily at a rate of 2% to 3% each year Nikita Kabwe retired on 30 November 2021 and was succeeded by her daughter Nicole. Soon after taking office, Nicole decided to expand the business. Within weeks she had successfully negotiated a five-year contract with a large clothes retailer to make a range of sports and leisurewear items The contract will result in an additional K2 million in sales revenue during each year of the contract. To fulfil the contract, Nikita Ltd acquired new equipment and premises. Financial information concerning the business is given below: 2021 2022 9.2% 7.5% 1.5.1 0.81 26.4% 1 Net profit margin 2 ROCE 3. Current ratio 4. Acid test 5 Gearing ratio 6. Days receivables 7 Days payables 8. Sales revenue to capital employed Other Information 9.6% 8.3% 3.31 171 11 1% 98 days 81 days 0.9 times Annual Sales growth from 2021 to 2022 was 20% Annual growth in capital employed from 2021 to 2022 was 27% Increase in debt from 2021 to 2022 was 200% 137 days 165 days 0.8 times Increase in plant, property and equipment from 2021 to 2022 was 50%. No increase in share capital. Bank overdraft 2022 increased by 16 times. Inventory increased by 51% in 2022 Using the above ratios and other information, analyse the financial performance of the expansion programme.