Question 2 Part (a) Horizontal Analysis and Cash Flow/Liquidity Analysis (10 marks) (4 marks) You are considering providing Frankie's Fine Foods Ltd with goods. Required (i) Complete the horizontal analysis below. All answers must be rounded to 2 decimal places. Horizontal Analysis Frankie's Fine Foods Ltd 2020 2019 $Movement % Movement Sales 564,000 262,500 Cost of Sales 253,800 157,500 Gross Profit 310,200 105,000 Total Operating Expenses 187,500 67,500 EBIT 122,700 37,500 Interest Expense 34,500 3,000 Profit before income tax 88,200 34,500 Income tax expense 25,500 10,500 Profit after income tax. 62,700 24,000 (ii) Review their business performance over the last two years and, and based on your findings, decide whether it would be worth providing Frankie's Fine Foods Ltd with goods.