The following comparative income statements and balance sheets are given to you: 2021 2020 Sales 2019 395 340 Cost of Goods Sold 285 279 235 Gross Margin 201 116 105 84 Operating Expenses 67 50 47 Interest Expense 10 9 Net income Before Income taxes 36 Income Taxes 29 21 19 Net income after income taxes 14 18 17 15 2021 2020 2019 2018 Current assets: Cast 59 54 50 43 Accounts Receivable 77 75 52 54 Inventories 108 120 108 93 Other current assets 12 11 Total Current assets 252 268 232 211 Plant Assets : Plant 210 142 122 105 Less: Acc. Depreciation 48 34 23 Net Plant 21 162 108 99 Total Assets 84 414 375 331 295 Current Liabilities: Bank Loans 42 35 20 Accounts Payable 12 53 58 57 65 Long term -current portion 19 11 5 Es tim. inc. taxes payable 12 18 13 15 Total current liabilities 125 122 105 92 Long term debt 87 51 40 20 Owners' Equity Capital stock, P10 Par Value 80 80 80 Premium on Common stock 55 55 55 55 Retained Earnings 51 48 Total liabilities and Equities 414 375 331 295 Required: From the foregoing statements, make a comparison, using 2019 as the base year. All figures are in thousands. Round off figures to two decimal places. What is the performance of the company based on the results of the analysis, What are the financial aspects which need management's attention in terms of policy direction and recommendation