Pls calculate the Short-Term Solvency, Asset Liquidity, Asset Management Efficiency and Debt Financing and Coverage ratios of Star Plc. and pls explain the current (2019) financial situation of the company via using ratio analysis, vertical and horizontal analysis. STAR PLC. BALANCE SHEET 31.12.2016 31.12.2016 31.12.2017 31.12.2017 31.12.2018 31.12.2019 ASSETS CURRENT ASSETS 136,000 196,000 312,000 93,000 142,000 276,000 Cash and Bank Receivables Inventories 2,000 100,000 34,000 2,000 136,000 58,000 2,000 207,000 103,000 LIAB. EQUITY SHORT TERM LIAB. Bank Loans Payables Taxation LONG TERM LIABILITIES EQUITY 51,000 35,000 7,000 0 80,000 52,000 10,000 0 180,000 82,000 14,000 0 FIXED ASSETS 101,000 111,000 163,000 144,000 10,000 165,000 10,000 199,000 10,000 Capital 134,000 155,000 189,000 TOTAL ASSETS 237,000 307,000 475,000 Distributable Reserves TOTAL LIABILITIES &EQUITY 237,000 307,000 475,000 STAR PLC. INCOME STATEMENT INCOME STATEMENT Sales Cost of Goods Sold Gross Sales Profit General Expenses Depreciation Expenses Profit Before Interest Interest Paid Profit Before Tax Tax Extraordinary Items Net Profit (Loss) Distributed Profit 2017 525,000 226,000 299,000 233,000 36,000 30,000 8,000 22,000 7,000 0 2018 626,000 266,000 360,000 271,000 48,000 41,000 10,000 31,000 10,000 0 2019 911,000 396,000 515,000 372,000 76,000 67,000 19,000 48,000 14,000 0 15,000 0 21,000 0 34,000 0 15,000 21,000 34,000 Profit After Tax and Distributed Profit (Loss)