The statements of financial position of Treasury limited at 31 Decernber 2020 and 2021 are as follows. The summarized Statement of Comprehensive Income for the two years coded 31December 2020 and 2021 are as follows: REQUIRED: (A) Assess the protitability of Treasury Limined over the two-year period with aid of the following ratios, Gross profit Margin. Net Profit Margia and Return on Equity (8 marks) (B) Assess the liquidity and solvency of the company oser the two-year period using the current ratio, acid test ratio and the total liability to total assets ratio. (10 marks) (C) Explain the differcnee between vertical and borizoctal firancial analysis (2 marks) QUESTION 2 (15.MARKS) Greenwood Limsited (GL) acquired the business of Golden Resorts Limited, a hotel located on the north coast of Jamaica. GL paid 5250m for the acquisition for the fair valoc of the identifiable net assets of 5220m in Golden Resort Limited. The CEO of Greenwood Limited remarked: "We lost 530en on this acquisition". His accountant replied. Not cuactly we gained an asset, goodwill of $30m. The CEO, queried what goodwill? His accountant reply; This hotel is known for its excellent customer service, the staff here is excellent". The CEO cantinsed: But we do not own the staff, so how are we going to recond this asset of 530m