UE och Question 1: The financial information provided below is for two companies which operate in similar retail fields, using the same business and accounting policies Apt Financial Consultants CPA Reviews Balance Sheets as at 30 June 1995 Bungoni Ltd. Tshs. 1000 Amana Lid. Tshs. 1000 Share Capital & Reserves Issued Capital Capital Reserves Revenue Reserves 350,000 65.000 185.000 470.000 35,000 287,000 Non Current Liabilities 10 Debentures 55.000 61,000 Current Llabilities Bank Overdraft Trade Creditors Other Current Liabilities & Provisions 21 97.000 *42.00 20.00 132.000 48.000 Total Owners Equity & Liabilities 815,000 1.056,000 Non Current Awes at Book Values Land and Buildings Plant and Equipment Motor Vehicles 286,000 218.000 59,000 381.000 342.000 62.000 Current Assets Stock Trade Debore Cash 122.000 124.000 97.000 16h 000 N15,000 1,056,000 MacBook Air Cage SSR Profit or Loss Accounts for the Year Ended 30 June 1995 Bungoul Led. TShs."000 Amana Lid. TShs.'000 747,000 570,000 Sales Cost of Sales Opening Stock Purchases Closing Stock Cost of Sales 102.000 588,000 (122,000) 568,000 92.000 381.000 (96,000) 377,000 Gross Profit 179,000 193,000 Selling and Distribution Administration & Management Finance Costs 64,000 31.000 9,000 60,000 29,000 8,000 104.000 97,000 Total Expenses Ratio Questions Ape Financial Consultants CP Revis Profit for the Period Taxation Profit After Tan Dividend Proposed Transfer to Revenue Reserve 75J 20 $2.500 96.000 NO 67.100 37 000 20.00 28.500 A Calculate for each company, ratios that shows the financial position, which you consider most appropriate for indicating the efficiency of operations and short-term financial strength of the two firms B. interpret the results and point out weaknesses, if any, in the computations above