Question 2 (20 marks) Financial information for Ridge Ltd is as follows. 2016 2015 Sales Cost of sales Selling expenses Administrative expenses Income tax expense Profit $1500 000 745 000 123 000 92000 162000 378 000 $1 350 000 738 000 105 000 81 000 127 800 298 200 Required: 1) Prepare a brief report outlining the results of your analysis for a potential investor and advise if the investor should invest in Ridge Ltd. (10 marks). Student