The management of ABC Limited is happy to note that the profit for the year 2017 has improved compared to the previous year. You are required to critically review the profitability for the two years using appropriate ratios for the two years. 

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Profit and loss statement of ABC Limited for the year ended 31st March ( in Crore) 2016 2017 Particulars Income Turnover (Net) Other income Total Expenses Consumption of material etc. Purchase of stock-in-trade Change in stock Employees cost Other manufacturing, S&GA expenses Provision Less: Expenses capitalized Depreciations/Amortization Total Profit before tax Provision for tax PAT 14,211 2,510 16,722 5,507 254 1,509 2,721 1,744 754 181 722 13,393 3,329 789 2,539 14,328 3,327 17,655 6,878 1130 121 2,446 2,598 740 -356 601 14,158 3,497 500 2,997