Tabies below are the financial summary of Marigold Ltd for the years 2019 and 2020 which are prepared on June 30 each year Income Statement-Marigold Ltd 2020 2019 Sales Revenues $400,000 $500.000 Cast of goods sold $210.000 $200.000 Grass profit $190,000 $300,000 Operating Expenses $55.000 $80.000 Profit before interest and taxes $135,000 $220,000 Interest Expense $15.000 $10.000 $120,000 $210,000 Profit before income taxes Tax Exreense $50.000 $90.000 Machook St Income Tax Exreense Net Profits $50.000 $90.000 $70.000 $120,000 Balance sheets-Marigold Ltd 2020 2019 Cash $15,000 $10.000 Account Receivables $30.000 $25,000 Inventory $75,000 $75,000 Precaid Insuranc Total current Assets $10.000 $15.000 $130,000 $125,000 Machook A Property, Plant and Equipment $500,000 $400,000 Accumulated Depreciation (100.000) (85.000) Total Property Plant and Equipment $400,000 $315.000 TOTAL ASSETS $530,000 $440,000 Account Payable Other Current Liabilities $40,000 $50,000 $25.000 $40.000 Total current Babilities $65.000 $90,000 Bank Loans $35.000 $70,000 Bank Loans $35,000 $70,000 Debenture Payables $40.000 $80.000 TOTAL LIABILITIES $140,000 $240,000 $290,000 $150.000 Ordinary Shares Retained Earnings $100.000 $50.000 TOTAL SHAREHOLDERS' EQUITY $390,000 $200,000 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $530,000 $440,000 MacBook Ave TOTAL LIABILITIES&SHAREHOLDERS EQUITY $5.30.000 $440.000 Required Financial Statement Analysis and Ratio Analysis are commonly used to produce information on the business performance and therefore it helps to identify the problems early so that the prompt decisions can be made to correct the problems and improve the business performance You are required to demonstrate some analysis to draw information on Marigold Ltd performance during the 2-year period (2019 and 2020 Your calculations and writing should be well developed in a structure of analysing this company's performance based on 4 main categories Profitability Liquidity . Efficiency Solvency Finally you might need to provide some comments on current trends and suggestions/recommendations to improve this company's performance in the future if you believe that Marigold Ltd is currently facing some problems given your analysis VALETXEE Machock Ar