You are given the following Financial Statements on Lipsy PLC for the year ending 31st Dec 2020. Lipsy has 1,350, shares, current Market Price of 10/share and a divided paid in the Income Statement Income Statement 2020 2019 f Revenues (Sales) 1,950,000 2,285,000 Cost of Sales 1,540,000 1,670,000 Gross Profit 410,000 615,000 15,000 25,000 Operating Expenses Marketing Expenses Advertising Expenses Salaries 22,000 27,000 170.000 180,000 Rent 80,000 287,000 123,000 80,000 312,000 303,000 Total Operating Expenses Earnings before Interest and tax (EBIT) Tax paid (20%) Earnings before tax (EBT) 10000 150000 153,000 113,000 Interest Paid 22,000 27,000 Net Profit 91,000 126,000 Dividend Paid 29,000 30,000 96,000 Retained Earnings 62,000 Balance Sheet 2020 2019 Current Assets Cash 100,000 500,000 Inventory (Stock) 250,000 300,000 Debtors 350,000 270,000 Total Current Assets 700,000 1,070,000 Fixed Assets Plant and Equipment 200,000 300,000 Land and Building 1,215,000 1,450,000 Total Fixed Assets 1,400,000 1,750,000 2,115,000 2,820,000 Total Assets Current Liabilities Creditors (due in 6 months) 1,000,000 1400,000 Other Current Liabilities 65,000 70,000 Total Current Liabilities 1,065,000 1,470,000 Non - Current Liabilities Long Term Debt 550,000 600,000 Total Non - Current Liabilities 550,000 600,000 Equity Share Capital 300,000 700,000 Other Equity 200000 50,000 Total Equity and Liabilities 2,115,000 2,820,000 a. Calculate Investor Ratios? (show the working out of the calculations)? (10% of the mark) b. Comment on results of your calculations and this means to the overall performance of Lipsey PLC? (15% of the mark)