Part B: 1 1 The following financial information is provided for Mint Bicycles Limited. I 2019 ($000) 1,000 2020 ($000) 1,000 100 150 2018 ($000) Paid up capital (All 1,000 shares initially issued at $5) Retained profits and 50 reserves - start of the year Non-current liabilities: 1 Loan (Interest at 1,0001 8% p.a.) 1 1 Mortgage 500 (Interest at 6% p.a.) Operating profit for the 900 years Corporate tax rates 28% Total dividends paid 204 Average market price $5.50 per share 11 1,5001 11 500 11 1,7001 11 500 920 950 28% 25 $6.20 30% 30 $7.80 Other information: The loan and the mortgage were acquired at the start of each financial year. Required: a. Calculate for each year the: i. Gearing or leverage ratio; and ii. Price Earnings (P/E) ratio. (9 marks) b. Comment on your findings in a. above regarding the gearing and growth potential of Mint Bicycles Limited over the past three years (2018 to 2020)