The company takes pride in its individually designed restaurants where customers are catered to by well-trained, friendly staff. The following additional information is available: 2022 Full year dividend ('000) Earnings per share (pence) End of year share price (pence) 15 557 2021 (144) 1,150 2020 8,371 -89.9 850 2019 12,652 71 1,540 2018 12,655 65 1,221 Given the nature of the business, only 10% of the sales are on credit. 35% of the cost of sales represent credit purchases. Required a) KT partners, a Hong Kong based small private equity firm are considering investing in JL Foods plc. However, in the light of recent global socio-political developments, the firm is concerned about the suitability of the investment and have solicited your services as an advisor. Your opinion needs to be provided in the form of a report, limited to 1000 words, and addressed to Ben Burns, the CEO of KT partners. It should analyse the above financial statements using the various ratios introduced on the module and any other research deemed necessary. The ratios need to be presented in the form of a table, as part of the appendices and do not count toward the word limit. (60 marks) b) Your colleague is very dismissive of your analysis and argues that profits/losses are nothing more than constructions of an accountant. They are based on what the accountant can and chooses to, measure, and should not therefore be the basis for judging a company. Write a note in no more than 500 words critically evaluating the assertion.