The management of ABC Limited was not impressed with the results of the company for the previous year. The summarized financial statements for the year ended 31st August 2022 are as follows: Statement of Comprehensive Income Turnover (25% cash sales) Cost of sales Gross profit Operating expenses Other income Finance charges Profit before tax Income tax expenses Net profit after tax for the year Statement of Financial Position Non-current assets Plant, property and equipment Current assets Inventory Trade receivables GHC'm 1,600 (1,380) 220 ( 148) 72 1 16 88 8) 80 20) 60 220 100 144 244