You are requested to analyze the financial situation of a company based on the following data. You will compute the most significant ratios (at least 6) and comment on their evolution and any additional information that might be relevant in the Balance sheet and Income Statement.

Balance sheet

000euro

2019

2020

Current assets

15680

17920

Fix assets

20720

22848

Total assets

36400

40768

Equity

13216

14336

Current liabilities

12208

13888

Non-current liabilities

10976

12544

Total liabilities

23184

26432

Income statement

000euro

2019

2020

Revenues

19488

23184

Cost of sales

13776

17024

Gross profit

5712

6160

Marketing expenses

1344

2016

Sales and administration expenses

2240

2352

Operational Profit

2128

1792

Other financial cost

448

560

Profit before tax

1680

1232

Income tax

448

329

Net income

1232

903

2.(2.5p) Perform the factorial analysis of the Profit on sales, using the chain substitution method. Please explicitly present your results and comment them in details Amounts in euro Indicator Simbol Year Year 1 Sales q'p 120000 100000 Cost of sales q'c 85000 75000 Recalculated Sales 01"po 115000 Recalculated cost of sales 01'00 82000 Volume Index (%) Iqv 95.83 2020 income statement 000euro Revenues Cost of sales Gross profit Maneting expenses Sales and administration expenses Operational Profit Other and cost Profit before tax income to Net income 2010 19488 13716 5712 1544 2240 2128 29184 17024 6160 2016 2352 1792 100 1232 1580 san 1932 39 303