Prepare a brief report for the managing director to help explain what has happened to Al Trade during the year 2018 and comment on the significance of your findings.

31-December 2018 31-December 2017 Vertical Analysis Sales Less: Cost of Sales Gross Profit 12 13 Amount 67,790,046 -54,815,433 12,974,612 Percent of Sales 100.00 -80.86 Amount 64,171,474 -47,988,070 16,183,404 Percent of Sales 100.00 -74.78 25.22 19.14 14 15 Wages and Salaries Distribution Expense Administrative Expense Depreciation Expense Total Expense -2,717,947 -2,011,965 -1,864,255 -1,526,615 -8,120,782 16 -4.01 -2.97 -2.75 -2.25 -11.98 -3,244,650 -4,881,132 -1,220,801 -1,657,189 -11,003,772 -5.06 -7.61 -1.90 -2.58 -17.15 Other income 27,429 0.04 111,981 0.17 Operating Profit 4,881,259 7.20 5,291,613 8.25 Financial Expense 17 -980,369 -1.45 -1,093,734 -1.70 Profit before taxation 3,900,890 5.75 4,197,879 6.54 Taxation 18 -448,371 -0.66 -487,784 -0.76 Profit for the financial year 3,452,519 5.09 3,710,095 5.78