Question 1 [40 Marks]

A. Research on financial statements (over a three-year period) of any company that is listed on Botswana Stock exchange and make a comparison on its profitability versus its liquidity using appropriate measures or ratios of financial performance. You may use diagrams/charts to elaborate your answer. (30 Marks)

B. Assess the debt-to-equity component of the above company. Based on your answer, what is your position on the fact that we normally dont find 100% debt or equity financed firms, and Why? (10 marks)