Palm tree corporation is an industrial holding company. Extracts from the companys latest annual Financial Statements are shown in 2 pictures are uploaded below:

Required: Compute three relevant ratios each for 20.2 and 20.1 required for an analysis of the companys liquidity position, management of assets, debt management, and market value. Comment on your findings.

Statement of Comprehensive Income For the year ended 30 June 20.2 Sales revenue Cost of sales Gross Profit Distribution, selling and marketing expenses Administration expenses Other operating expenses Profit (earnings) before interest and tax expense Finance costs Profit before tax Income tax expense Profit for the year from continuing operations Discontinued operations Profit for the year from discontinued operations Profit for the year Other comprehensive income Total comprehensive income for the year Earnings per share Dividend per share Cash flow from operations (Rm) 20.2 ROOO 2 478 000 1 287 000 1191 000 403 000 187 000 153 000 448 000 72 000 376 000 112 000 264 000 20.1 ROOO 1999 000 1 055 000 944 000 333 000 153 000 101 000 357 000 68 000 289 000 86 000 203 000 264 000 203 000 203 000 264 000 0.528 0.176 219 0.406 0.160 242 Statement of changes in equity for the year ended 30 June 20.2 Balance at 30 June 20.1 Profit for the period 456 000 264 000 720 000 88 000 632 000 333 000 203 000 536 000 80 000 456 000 Dividends Balance at 30 June 20.2 Statement of Financial Position as at 30 June 20.2 20.2 ROOO 20.1 ROOO 1 388 000 1 218 000 ASSETS Non-current Assets Property, plant & equipement Current Assets Inventories Receivables Cash assets Total Current Assets Total Assets 250 000 201 000 21 000 472 000 1 860 000 205 000 188 000 20 000 413 000 1 631 000 EQUITY AND LIABILITIES Capital and Reserves Share Capital Retained earnings Total Equity Non-current Liabilities Long-term borrowings Total non-current liabilities 500 000 632 000 1 132 000 500 000 456 000 956 000 580 000 580 000 530 000 530 000 Current Liabilities Trade and other payables Short-term borrowings Total current liabilities Total Equity and Liabilites 108 000 40 000 148 000 110 000 35 000 145 000 1 860 000 1 631 000 Market price per share No. of shares in issue (000's) 2.80 500 000 2.50 500 000