Dynamic Sports Wear Ltd. experienced a very competitive year of 2020 and its statement of profit or loss and statement of financial position are shown as below: Statement of Profit or Loss 2020 2019 SM SM Revenue (all credit sales) 2,460 2.188 Cost of Sales (1,500) (1.268) Gross Profit 960 920 Marketing and Promotional Expenses (502) (392) Selling and Administrative Expenses (140) (136) Operating Profit 318 392 Interest Expenses (46) Share from Associates 196 44 Profit Before Tax 468 428 Tax Expense (60) (68) Profit After Tax 408 360 Statement of Financial Position 2020 SM 2.654 242 626 1,412 628 5,562 2019 SM 2,218 526 394 1,037 610 4.785 2018 SM 1.970 563 366 915 596 4.410 Non-Current Assets Cash and Cash Equivalents Inventories Trade Receivables Prepayments and Deposits Total Assets Bank Overdrafts Trade Payables Long-term Bank Loans Total Liabilities Total Equity Total Equity and Liabilities 48 212 626 52 414 406 68 65 63 517 906 531 4,656 5,562 4,254 4,785 3,893 4.410 Through ratio analysis, comment on the financial performance of Dynamic Sports Wear Ltd. in 2020