The following financial information is provided for Mint Bicycles Limited. 2018 ($000) 1,000 2019 ($000) 1,000 2020 ($000) 1,000 Paid up capital (All shares initially issued at $5) Retained profits and reserves - start of 50 100 150 the year 1,500 1,700 500 500 Non-current liabilities: 1,000 Loan (Interest at 500 8% p. 42(Alt + A) Mortgage (Interest at 6% p.a.) Operating profit for 900 the year Corporate tax rate 28% Total dividends paid 20 Average market $5.50 price per share 920 950 28% 25 $6.20 30% 30 $7.80 Other information: The loan and the mortgage were acquired at the start of each financial year. Required: a. Calculate for each year the: i. Gearing or leverage ratio; and ii. Price Earnings (P/E) ratio. (9 marks) b. Comment on your findings in a. above regarding the gearing and growth potential of Mint Bicycles Limited over the past three years (2018 to 2020)