The following is a comprehensive assignment where you are asked to perform a financial ratio analysis as well as horizontal and vertical analysis on the Group financial statements of Pick 'n Pay ltd for 2022. Comment on the trends and compare the performance of Pick n Pay with other Retail FMCG Groups but benchmark against Shoprite or Massmart. Give an overview of what you think are the challenges in the industry, what has been happening and the future as well as strategies to improve business further