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QUESTION FOUR Evaluate the usefulness of financial ratio analysis in assessin g the financial state of an enterprise. Use the case below to illustrate your answer. lCase A summary of the results of Sekelani Enterprises Limited for the last three years is as follows: Year ended 31 December 2019I 2020 2021 K K K Sales 480,000 550,000 690,000 Income before tax 63,000 10,000 74,000 Tax 23,000 25,000 28,000 Income after tax 40,000 45,000 46,000 Dividends 30,000 30,000 30,000 Retained income for the year 10,000 15,000 10,000 K K K Share capital [600,000 K025 shares 150,000 150,000 150,000 .01.... r! Retained income 85,000 100,000 3,150,000. Shareholders' funds 235,000 250,000 260,000 1096 Debentures 65,000 150,000 150,000 Capital employed 300,000 400,000 410,000 Market price per share at 3-1 December K1 K1.50 K1,25 Debt interest K6,500 K15,000 K15,000