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Q . 1 M Ltd has the following information relating to the financial performance and position for the financial year 2 0 2 3 .
Q M Ltd has the following information relating to the financial performance and position for the financial year Income Statement for the year ended Particulars Shs millions Turnover Cost of sales Gross profit Distribution and administration costs Operating Profit Interest Profit before tax Taxation Retained profit Statement of Financial Position as at Assets Shs millions Land and building Plant and equipment Inventory Debtors Prepayments Bank Total Assets Liabilities Shs millions Creditors Taxation Proposed dividends Accruals Debentures Ordinary shares Retained profits Total Capital & Liabilities
Required:
A Explain in details the five categories into which financial ratios can be classified. marks
B Carry out an analysis of the profitability, efficiency and liquidity of M Ltd for the financial year
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