The following information from Incomplete Ltd's as at December 2019 standardised statement of financial position and statement of comprehensive income are provided to you: STATEMENT OF FINANCIAL POSITION Assets 2019 Property, plant and equipment (PPE) at cost price Accumulated depreciation PPE at carrying value Goodwill Investment in shares Non-current assets 320 000 (239 000) 81 000 60 000 208 000 349 000 2 Inventories Trade recevables Cash and cash equivalents Current assets 43 000 32 000 24 000 99 000 448 000 Total assets Equity and liabilities Share capital Retained earnings Ordinary shareholders' equity Total equity Long-term debentures Long-term loan Non-current liabilities Trade payables Other payables Tax payable Current liabilities 200 000 73 200 273 200 273 200 30 000 54 000 84 000 70 000 16 800 4 000 90 800 448 000 Total equity and liabilities STATEMENT OF COMPREHENSIVE INCOME Turnover Cost of sales and services rendered Gross profit Operating expenses Operating income Operating profit Investment income Finance cost Profit before tax Tax Profit after tax Non-controlling interest Preference share dividends Attributable earnings Ordinary dividends Retained earnings (for the year) 2019 274 000 (207 500) 66 500 (26 500) 1 500 41 500 4 000 (6 000) 39 500 (16 700) 22 800 (1 000) (2 400) 19 400 (3 800) 15 800 Additional Information: Purchases on credit for the year amount to R80 000 Lease payments of R10 000 were made during the year, 3 . The company has 10 000 ordinary shares in issue. The market price per share amounts to R10, Required: Evaluate the company's financial performance and position by means of a detailed ratio analysis