The comparative financial statements of Stratum Ltd are shown below.

Required

(a) Calculate the changes in the financial statements from 2019 to 2020 in both dollar amounts and percentages.

(b) Prepare common size financial statements for 2020 and 2019.

(c) Comment on any relationships revealed by the horizontal and vertical analyses.

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Revenue STRATUM LTD Comparative Statements of Profit or Loss for the years ended 30 June Expenses, excluding finance costs Finance costs Profit before income tax expense Income tax expense Profit ($000) Note 2020 2019 24 STRATUM LTD Comparative Statements of Financial Position as at 30 June ($000) Current assets Cash and cash equivalents Trade and other receivables Inventories Total current assets Non-current assets $16.000 13 705 $13750 11965 2295 878 1785 535 $ 1417 $ 1250 2020 2019 69 $ 80 $ 100 380 335 770 720 1230 1155 Other financial assets 140 160 Property, plant and equipment 3400 2785 Total non-current assets 3540 2945 Total assets 4770 4 100