Prepare a Ratio Analysis focusing only the company's solvency and interpret on the ratios found.

AyalaLand Logistics Holdings Corp. Balance Sheet (Vertical Analysis) PhP (in thousands) For the year ended December 31 Current Year (2020) Previous Year (2019) Item Current Year (2020) Previous Year (2019) Current Assets 6,664,248 6,038,158 34.43 31.18 Total Assets 19,354,230 19,368,509 100,00 100.00 Current Liabilities 4.921,888 5,554,888 25.43 28.68 Total Liabilities 7.513.456 8,192.312 38.82 4230 Retained Earnings (Deficit) 1.737,718 1,065,378 8.98 5.50 Stockholders' Equity 11,840,774 11,176,197 61.18 57.70 Stockholders' Equity - Parent 11.702.441 11,061,601 60.46 57.11 Current Assets of the company comprises 34.43% of the company's Total Assets in 2020 and 31.1896 in 2019. It can be inferred that bulk of the company's assets are Non-current. Current Liabilities represent 25.43% of the Total Liabilities and Equity of the company in 2020 and 28.68% in 2019. Total Liabilities make up 38.82% of the Total Liabilities and Equity in 2020 and 42.30% in 2019. Total Assets of the company is 61.18% financed by equity in 2020 and 57.709 in 2019. AyalaLand Logistics Holdings Corp, Income Statement (Vertical Analysis) PhP (in thousands) For the year ended December 31 Current Year (2020) Previous Year (2019) Item Current Year Previous Year % 96 Gross Revenue 3.716,687 5.345.981 100.00 100.00 Grows Expense 2,937.534 4.267.238 79,04 79 2 Income (Loss) Before Tax 833,832 761.292 22.43 14.24 Net Income (Loss) After Tax 702,808 641,419 18.91 12.00 Net Income (Loss) Attributable to Parent 681.962 595.838 18.35 11.15 Gross Expense has been at 79.82% and 79.04% in 2019 and 2020 respectively of Gross Revenue. This implies that bulk of the revenue covers the expenses of the company. There is a growth in the Income before tax of the company from 14.24% in 2019 to 22.43% in 2020. Likewise, the Net income after tax and Net income attributable to Parent has grown from 12% and 11.15% in 2019 to 18.91% and 18.35% in 2020 respectively, Aylland Legities Holdings Corp Balance Sheet (Hantal Analy) PRP is For the year ended December 31 Trend Percetages (Dece) Current Year Previous Year Cure Year Previous Year (2020) 2019) (2020) 2019 Current Assets 6664.24 6.35.15 26.000 10:39 110:37 100 Total Asics 19354 2:30 19.36 500 114.279) -0.07 99.93 100 Current Liabilities 4,921,888 5:54 0633.000 -11.40 XX.60 100 Total Liabilities 7.513.456 3.192.112 7850) 29 9.71 100 Retained 1,737,718 1.065,378 672:40 63.11 16311 100 Earning Deficit) Stockholders' Equity 11.840,774 11,176,197 66457 5.95 105.95 100 Stockholders' Equity 11.70.441 11.061.601 640 540 5.79 105.79 100 Parent Current Assets of the company has grown by 10.37% in the year 2020 amidst its Total Assets having a slight decrease of 0.07%. Current Liabilities on the other hand has decreased by 11.47% alongside the decrease in Total Liabilities of 8.29% Retained Emines, Stockholders Eauty and Stockholders Easty - Paret have shown growth in 2020 at 63.11%.5,95% and 5.79% respectively AyalaLand Loghties Holdings Corp Income Statement (Hortenstal Analyst) PhP (intendo For the year ended December 31 Inc Trend Percetages Decrease Current Year Previous Year Current Year Previous Year 2030) (2019) 30201 (2019/16 Gross Revenue 3.716,687 5.345.951 01.29.295) - 6952 100 30.45 Gross Expense 2.937.534 4.267.23% (1.329.700) 654 100 31.16 Income Low) Before Tax 833.32 761,292 72.50 10953 100 Net Income (Low) After Tax 702.SOS 641.419 9.57 109.57 100 Net Income Low) 595.838 M.134 14.45 114.45 100 Attributable to Parent It can be seen that Net Income Before Tox. Net Income Atter Tax and Not frcome Attributable to Parent witnessed growth 19.53%. 9.57% and 14.45% respectively amidst the decrease of Gross Revenue of 30,48%. Gross Expense for the year decreased by 31.16% in tandem with the decrease of Gross Revenue AyalaLand Logistics Holdings Corp. Balance Sheet (Vertical Analysis) PhP (in thousands) For the year ended December 31 Current Year (2020) Previous Year (2019) Item Current Year (2020) Previous Year (2019) Current Assets 6,664,248 6,038,158 34.43 31.18 Total Assets 19,354,230 19,368,509 100,00 100.00 Current Liabilities 4.921,888 5,554,888 25.43 28.68 Total Liabilities 7.513.456 8,192.312 38.82 4230 Retained Earnings (Deficit) 1.737,718 1,065,378 8.98 5.50 Stockholders' Equity 11,840,774 11,176,197 61.18 57.70 Stockholders' Equity - Parent 11.702.441 11,061,601 60.46 57.11 Current Assets of the company comprises 34.43% of the company's Total Assets in 2020 and 31.1896 in 2019. It can be inferred that bulk of the company's assets are Non-current. Current Liabilities represent 25.43% of the Total Liabilities and Equity of the company in 2020 and 28.68% in 2019. Total Liabilities make up 38.82% of the Total Liabilities and Equity in 2020 and 42.30% in 2019. Total Assets of the company is 61.18% financed by equity in 2020 and 57.709 in 2019. AyalaLand Logistics Holdings Corp, Income Statement (Vertical Analysis) PhP (in thousands) For the year ended December 31 Current Year (2020) Previous Year (2019) Item Current Year Previous Year % 96 Gross Revenue 3.716,687 5.345.981 100.00 100.00 Grows Expense 2,937.534 4.267.238 79,04 79 2 Income (Loss) Before Tax 833,832 761.292 22.43 14.24 Net Income (Loss) After Tax 702,808 641,419 18.91 12.00 Net Income (Loss) Attributable to Parent 681.962 595.838 18.35 11.15 Gross Expense has been at 79.82% and 79.04% in 2019 and 2020 respectively of Gross Revenue. This implies that bulk of the revenue covers the expenses of the company. There is a growth in the Income before tax of the company from 14.24% in 2019 to 22.43% in 2020. Likewise, the Net income after tax and Net income attributable to Parent has grown from 12% and 11.15% in 2019 to 18.91% and 18.35% in 2020 respectively, Aylland Legities Holdings Corp Balance Sheet (Hantal Analy) PRP is For the year ended December 31 Trend Percetages (Dece) Current Year Previous Year Cure Year Previous Year (2020) 2019) (2020) 2019 Current Assets 6664.24 6.35.15 26.000 10:39 110:37 100 Total Asics 19354 2:30 19.36 500 114.279) -0.07 99.93 100 Current Liabilities 4,921,888 5:54 0633.000 -11.40 XX.60 100 Total Liabilities 7.513.456 3.192.112 7850) 29 9.71 100 Retained 1,737,718 1.065,378 672:40 63.11 16311 100 Earning Deficit) Stockholders' Equity 11.840,774 11,176,197 66457 5.95 105.95 100 Stockholders' Equity 11.70.441 11.061.601 640 540 5.79 105.79 100 Parent Current Assets of the company has grown by 10.37% in the year 2020 amidst its Total Assets having a slight decrease of 0.07%. Current Liabilities on the other hand has decreased by 11.47% alongside the decrease in Total Liabilities of 8.29% Retained Emines, Stockholders Eauty and Stockholders Easty - Paret have shown growth in 2020 at 63.11%.5,95% and 5.79% respectively AyalaLand Loghties Holdings Corp Income Statement (Hortenstal Analyst) PhP (intendo For the year ended December 31 Inc Trend Percetages Decrease Current Year Previous Year Current Year Previous Year 2030) (2019) 30201 (2019/16 Gross Revenue 3.716,687 5.345.951 01.29.295) - 6952 100 30.45 Gross Expense 2.937.534 4.267.23% (1.329.700) 654 100 31.16 Income Low) Before Tax 833.32 761,292 72.50 10953 100 Net Income (Low) After Tax 702.SOS 641.419 9.57 109.57 100 Net Income Low) 595.838 M.134 14.45 114.45 100 Attributable to Parent It can be seen that Net Income Before Tox. Net Income Atter Tax and Not frcome Attributable to Parent witnessed growth 19.53%. 9.57% and 14.45% respectively amidst the decrease of Gross Revenue of 30,48%. Gross Expense for the year decreased by 31.16% in tandem with the decrease of Gross Revenue