Q1: Financial statements of Ohio State Company are given below for 2019 and 2020 Sales Cost of sales 2019 (OMR) 2,000,000 1.500.000 500.000 150.000 350.000 15.000 335.000 5.000 250.000 2020 (OMR) 1.500.000 1.300,000 200.000 100.000 100.000 Gross Profit Overhead expenses Profit before interest and tax Loan interest Profit before tax Tax Net profit 10,000 90,000 45,000 45,000 2019 (OMR) 250,000 2020 (OMR) 300,000 65.000 150,000 65.000 530.000 90,000 275,000 55.000 720,000 200.000 Non-current assets Current assets Inventory Receivables Bank Total sets Equity and reserves Share capital Reserves Non-current liabilities: 9% Bank loan Current liabilities: Payables Bank overdratt Tax payable Total liabilities and Equity 300.000 150,000 75.000 15.000 20000 150.000 25.000 65.000 $30.000 200.000 25.000 25.000 720.000 FINLAN-AAF- Page 4 (a) Calculate DuPont ratio. (6 marks) (b) Calculate Altman's Zscore: 17 marks) (c) Give appropriate analysis based on the results. Your smalyses should be based on the following aspects Operating efficiency marks) (m) Asset effectiveness (3 marks) (1) Capital structure (3marks) (iv) Level of financial distress faced by the company