Question 1 You are presented with the following information relating to Bon Limited. Bon Limited _{50 marks) Income statement for the year to 31 March 2023 2022 £000Sales revenue 160Cost of goods sold {96)Gross profit 64Operating expenses (30)Operating profit 34Interest on loan 5)Met profit before tax 29Tax 9Met profit after tax 20Dividends paidPreference shares (2)Ordinary shares 8) (10)Retained profit 10 Balance sheet at 31 March 2023 2022 £000MNon-current assets (at net book value) 300Current assetsInventory 15Trade receivables 40 2023£000200114'86(34) 2023£000 20 Cash and bank Total assets Equity Share Capital (£1 ordinary shares)Preference shares (£1 shares; 8%) Retained eamings Non-current liabilitiesLong-term loan (10%)Current liabilities Trade payables Total equity and liabilities Additional information: B s year. All sales and all purchases are on credit terms. The opening stock at 1 April 2021 was £20,000 There were no accruals or prepayments at the end of either 2022 or 2023.Assume that both the tax and the dividends had been paid before the end of the G 18 e 18 E N - 18 & 5. The market price of the ordinary shares at the end of both years was estimated to be 126p and 297p respectively. Required (a) Calculate appropriate profitability, liquidity, asset turnover, inventory holdingperiod, trade receivables collection peried, and investment ratios for both 2022 and 2023. (22 marks) (b) Comment on the company's financial performance for the year to 31 March 2023. (28 marks)