Question 3 (20 Marks) The following are summarized accounts for ALICEZONA, a company with an accounting year ending 31" December. Statement of Financial Position as at 31" December 2017 2016 GHC GHC Non-Current Assets 12,700 4,995 Current Assets Stocks 50,455 40,145 Debtors 43,370 40,120 5 Cash/Bank 5.790 12.092 99.615 92,447 Current Liabilities Trade Creditors 37,230 32,604 Taxation 3,260 2.473 Accruals 1.985 1.785 42.475 36.862 Net Current Assets 57,140 55,585 Total Assets less Current liabilities 68,840 60,580 Non-Current Liabilities 10% Debentures 19,840 19.840 Net Assets 50,000 40,740 Financed By: Capital (ordinary share of GHC 0.25) 9,920 9,920 Income Surplus 40.080 30.820 50,000 40,740 PROFIT AND LOSS ACCOUNT FOR 2017 2016 GHC GHC Turnover 583,900 486.300 Profit before interest and tax 20,670 17,238 Less: Interest Payable 1.984 1.984 Profit before Tax 18,686 15,254 Taxation 7.026 5.734 Profit after Tax 11,660 9.520 INCOME SURPLUS ACCOUNT 2017 2016 GHC GHC Balance at 1 January 30,820 23,540 Add: Profit for the year 11.660 9.520 42,480 33,060 Less: Dividend 2.400 2.240 Balance at 31 December 40,080 30,820 You are required to: a. Calculate, for each year, one ratio for each of the following user groups, which are of particular significance to them: i. Shareholders (2 marks) ii. Trade creditors (2 marks) iii Management (2 marks) b. Make brief comments upon the changes, between the two years, in the ratios calculated in (a) above. (6 marks) c. Explain the usefulness of Financial statement information to the following stakeholders: Financial Analysts (2 marks) Employee (2 marks) Debtors (2 marks) Government Agency (2 marks) 7