The directors of Barbra Limited are appraising their company before offering it to the public. The financial data of Barbra limited is shown below: Page 1 of 4 WWOUVMENT IN AW EXAMINATON IRREGULARTY SHAL LEAD TO DISCONTINUATION Notes; 1 Other long-term assets are motor vehicles and office equipment. 2 Other long-term liabilities are finance leases 3 The tax shown in 2013 profit and loss extract will be recovered in 2014 . Other information: Required a) Calculate four ratios for each of the two years 2013 and 2014 which you consider to be appropriate for the evaluation of the company's efficiency, profitability and liquidity over the two year period. Your selection of ratios should ensure measurement of the company's performance in all three areas. (8 marks) b) Prepare a report for the management of Barbra Limited discussing: i) The performance of the company in the last 2 years Page 2 of 4 INVOLVEMENT IN ANY EXAMINATION IRREGULARIT SHALL LEAD TO DISCONTINUATION ii) Suggested future course of action in respect of the company (5 marks) iii) Other non-financial information which would be useful to the directors before management of the company may make any decision. (2 marks) (Total: 15 marks)