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Miland group (Sydney) is considering taking over ABC Construction located in New Castle in order to expand its construction operation. Below are ABC's key financial figures for the past two years. ABC Construction Income Statement Extract Account 2015 2016 Sales 230,000 320,000 Cost of Sales 115,000 165,000 Wages 30,000 45,000 Transport 25,000 35,000 Marketing 15,000 20,000 Total Costs 185,000 265,000 Profit 45,000 55,000 ABC Construction Balance Sheet Extract 30 June 2016 Current Assets 30,000 Non-Current Assets 120,000 Current Liabilities 15,000 Non-Current Liabilities 70,000 Net Assets 65,000 Required: 1. Conduct the vertical and horizontal analysis for ABC Construction by filling out the template below. (28 marks) Difference Difference Percentage of sales Account 2015 2016 ($) (%) 2015 2016 Sales 230,000 320,000 Cost of Sales 115,000 165,000 Wages 30,000 45,000 Transport 25,000 35,000 Marketing 15,000 20,000 Total Costs 185,000 265,000 Profit 45,000 55,000 2. Calculate and interpret the results for current ratio and debt to equity ratio. 3. What is your advice to Miland group on this acquisition? (11 marks) (11 marks)