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The following summarized financial figures relate to North Ltd, a business operating in the clothing retail sector (Financial figures are in thousands JODs): Extracted Financials

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The following summarized financial figures relate to North Ltd, a business operating in the clothing retail sector (Financial figures are in thousands JODs): Extracted Financials 31/12/2020 31/12/2019 Sales revenues Profit after tax Total current assets 45,000 1,550 5,600 5,100 5,100 200 32,000 1,600 4,400 2,900 2,750 Total current liabilities Inventories 100 0 Accounts receivables Cash Accounts payables Tax due Overdraft 3,500 1,100 1,550 1,500 1,400 500 0 In year 2020, the company opened a third store. As a specialist in financial management, you are required to: 1. Prepare a comparative analysis of the above extracted financials as at December 31, 2019 and 2020 and comment according to your financial analysis. 2. To prepare the current and quick ratios. 3. In 2020, the CEO of North Ltd asked you to analyze the liquidity of the company according to the available information in 2019 and 2020 and prepare a short report on company's liquidity

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