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Selected information from the financial statements for PSC Company Ltd for the years ended 30 June 2020 and 30 Jun 2021 is below: Net-sales (all
Selected information from the financial statements for PSC Company Ltd for the years ended 30 June 2020 and 30 Jun 2021 is below: Net-sales (all credit) Cost-of-goods-solda Interest expenses Income tax expensen Net profit-after-taxa Accounts receivable (30 June) Inventory-30-Junea Issued ordinary-shares-($1) Total assetso 20200 $0 500-0000 370-0000 15-0006 12.000 30-0000 75-0000 140-000 300-0000 450-0000 202100 $0 850.000 520-00000 20-000da 25-00000 45.000 120-00000 220.000 340-00000 650-00000 M Ratios Return-on-assets Return on saleso Return on shareholders' equityo Average collection periodo Inventory turnovera 20200 12.7% 11.4% 10% 55 daysa 2.6-timeso 20210 13.84% 10.58% 13.23% 41 daysa 2.88 timeso Write a brief report to shareholders commenting on the profitability of PSC Company Ltd
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