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Total Liabilities 1,751,570 92.96 1,319,908 92.81 Total Equity and Liabilities 1,884,092 100% 1,422,019 100% Retained profits 39,999 2.12 46,985 3.30 84,982 4.51 101,916 7.16 Non-controlling

Total Liabilities

1,751,570

92.96

1,319,908

92.81

Total Equity and Liabilities

1,884,092

100%

1,422,019

100%

Retained profits

39,999

2.12

46,985

3.30

84,982

4.51

101,916

7.16

Non-controlling interest

47,540

2.52

195

0.01

Total Equity

132,522

7.03

102,111

7.18

Current Assets

Inventories

302,187

16.03

231,330

16.26

Sundry Receivables

54,867

2.91

75,900

5.33

Cash and Bank Balance

175,851

9.33

96,207

6.76

532,905

28.28

403,437

28.37

Total Assets

1,884,092

100%

1,422,019

100%

Part 2

Vertical Analysis for Comprehensive Income (Common Size Statement)

Particulars

2020

%

2019

%

Revenue

677,123

100%

594,160

100%

Cost of Sales

(480,526)

70.96

(404,063)

68.00

Gross Profit

196,597

29.03

190,097

31.99

Other Operating Income

38,160

5.63

33,278

5.60

Selling and distribution expenses

(159,842)

23.60

(162,555)

27.35

Administration and other operating expenses

(35,658)

5.26

(26,929)

4.53

Profit from operations

39,257

5.79

33,891

5.70

Finance costs

(14,573)

2.15

(10,786)

1.81

Share of results of an associate

(316)

0.04

--

--

Profit before tax

24,368

3.59

23,105

3.88

Income tax expense

(8,578)

1.26

(6,130)

1.03

Profit after tax

15,790

2.33

16,975

2.85

Part 3

a. Current Ratio = Current assets/ Current Liabilities

2020: 532,905/852,198 = 0.62

b. Acid-Test Ratio = Liquid Assets/Current Liabilities

Liquid assets = Current Assets Inventory

2020: 532,905-302,187/852,198 = 0.27

c. Accounts Receivables ratio = Net credit Sales/Average Accounts Receivables

2020: 677,123/6,227,000 = 0.10

d. Inventory Turnover ratio = Cost of Goods Sold/Average Inventory

2020: 480,526/76,218,000 = 0.0063

question requirment

state your opinion from the above finding. your explanation need to include but not limited to these point:

  1. the company's capability in paying bills and short term debts
  2. How fast the company paying their bills
  3. how fast the account receivable turn into cash
  4. how fast the company able to sell their products

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