The Chief Financial Officer of Metropolis Ltd, Mr Clark Kentish, finalised the accounts for the year ended 31st December 20 Times 5 and on the 2nd February 20 Times 6 he submitted the financial statements to Ms Lois Lain, the Chief Executive Officer of the company. She has reviewed the information and asked Clark to undertake an analysis of the financial statements and get this to her quickly. Clark thinks this is a relatively simple exercise and instructs a Mr Jimmy Ollsen, a recently hired accounting graduate, to perform the analysis. Jimmy prepared the following memorandum for Clark and Lois. The Chief Financial Officer of Metropolis Ltd, Mr Clark Kentish, finalised the accounts for the year ended 31st December 20 Times 5 and on the 2nd February 20 Times 6 he submitted the financial statements to Ms Lois Lain, the Chief Executive Officer of the company. She has reviewed the information and asked Clark to undertake an analysis of the financial statements and get this to her quickly. Clark thinks this is a relatively simple exercise and instructs a Mr Jimmy Ollsen, a recently hired accounting graduate, to perform the analysis. Jimmy prepared the following memorandum for Clark and Lois