The pictures below have a comparative income statement, competative balance sheet for a company called Vera's Magic Garden.

Question 1) Please solve the profitability ratio using the information in the pictures attached below and provide an explation for each step and a conclusion.

1 Accuesting Portal ACET 10701 2. Collaborathe Learning Ce: Vera's Magie Gant 3. Appradie Comparative and States 4 5 Vera's Male Garden Comparative forest Your edheber 31 7 2018 2019 2020 2021 2032 0 Kales Cost of Groet $ 1.051.591605 13.000 140,00 1.827,45 SA SR32 622000 652315 2007 1.002.733 10.000 TOOL 1124116 SP 1961 NO 95,000 232.400 OSTSE O expen Selling Sawi w Tillai Property taxe ce expense Depreciate Supplies Lace expense Cel dintre per Total operatings US $50 216,199 319 36000 22.000 40.00 15. 136,640 186,192 750.800 100.000 229.000 16.000 35,000 33,000 50.000 35.000 22.000 50.000 15.60 113600 101000 213.510 39.00 38.000 24/000 50.000 16,480 67610 157.500 727.600 106.000 B34 38.192 38.000 34000 30.000 16914 00091 091 0166 9040 153000 706.00 12.11 321019 112.000 Total operating expenses 750.966 742.000 730650 727X00 721.039 come before income tax Tecome tax expene Net income 196,402 49,100 1473015 260.758 65.190 195.505 105. 16.30 2290205 360463 90.116 27015 103147 100,787 302.160 s Vera's Magic Garden Comparative Balance Sheet December 31 2018 2019 2020 2021 2022 $ 5 $ S 15.2735 140,000 172304 146.500 125.000 130,000 Assets Current Assets CS Accounts receivable Interest receivable Notes receivable Prepaid expenses Supplies asentories Total Current Assets 11.000 10,000 11.000 100 212.000 43.400 S 145.000 28.000 20.000 12.000 300 151000 356,300 10.000 12.000 350 107.500 313.123S 5.000 12.000 450 13.500 243,000 379.500 5 5 Property. Plant and Equipment Land Buildings (set of deprecia) 813,000 9:40.000 S13.000 920.000 811.000 900,000 811.000 80,000 813.000 560.000 00009 Buildings net of depreciation) Equipment of depreciation) Total Property Past and Equipment Total Assets 940,000 920.000 200.000 380,000 210.000 180,000 150,000 120.000 90.000 1,963.000 1.913.000 1.863.000 1.813.000 1.169,000 52309.500 52.276.400 2.219.102.116.12.35 2.142.654 5 5 3,000 J6300 30.000 UV00 01929 Liabilities and Shareholders Equity Curret Bankable Accompayable laterest pays Incos pable Cuportion of Morte payable Centation of patie Deferred reve Total Current Liabilities 32.610 24 000 116610 19.100 50 000 200.000 96.1195 29.000 711600 65.100 90,000 200,000 76,140 50.000 200.000 0.116 50.000 200.000 31.300 44610 100,787 50.000 200.000 000 493,15115 33,9495 $26.7105 426917 437,75 000'6ES 439,000 13.000 Nos Curvat Lishi More payable La payable Total Noa Carrer Lisbe Total Liabilities 811.000 1.352.000 1.544.150 189.000 613.000 1,102.000 1.655.949 189.000 203.000 602.000 1,039,756 339,000 13.000 357.000 77.927 t 000 SX 1,237,230 163.000 Shareholders Commons Retained en Total Shareholders' Equity 163,000 137,451 620,451 OSE SEE 115.000 62.020 841,020 213,000 373.167 1,086,367 213,000 1.150.27 1.363.227 29 49,150 Shareholders' Equity Common shares Retained earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity 163,000 163,000 213,000 213,000 213,000 335,150 457,451 628,020 873,367 1.150.727 498,150 620,451 841,020 1,086,367 1,363,727 $ 2,342,500 S 2,276,400 S 2,219,300 S 2,126,123 S 2,142,654 Tables Ratio 2013 2019 20 201 Tred Fap Cross My WRER RE RE PROFITABILITY Profit Mar UNIT Remco Assets WER HET TRE RIF *RER Renoa Coruna Shades Equity CONCLUSION