The Nairobi Securities Exchange has 62 listed companies. As per the requirements of the companies act, these companies are required to publish their financial statements yearly and therefore these financial statements can easily be acquired by any member of public from their websites, offices or print media.

In relation to the above statement, obtain financial statements for Absa bank STRICTLY for the financial year 2021 2022 and analyze them as below;

Required

• Attach a picture of the financial statements that you have used in your calculations

1. Calculate any three ratios from each of the categories below; (20 marks)

1. Liquidity ratios
2. Growth and valuation ratios
3. Turnover ratios
4. Gearing ratios
5. Profitability ratios

1. Using the ratios calculated; evaluate the performance of the company. (10 marks)