2 Using the Excel spreadsheet for the Extended Trial balance at 31 December 2019, prepare the following in IAS 1 format a.Statement of Profit & Loss Account & Other Comprehensive Income for the year ended 31 December 2019 b. Statement of Changes in Equity for the year ended 31 December 2019 DON W c. Statement of Financial Position at 31 December 2019 with comparative figures for 2018 d. Statement of Cash Flows for the year ended 31 December 2019 using the Indirect Method 3 Calculate the following ratios for both 2018 and 2019 and comment on the same a. Working Capital Ratio b. Acid Test Ratio c. Debts Ratio d. Gearing Ratio 4 Calculate the following ratios for 2019 only and comment on the same a. Receivables Collection Period b. Payables Collection Period c. Inventory Turnover Period HUNNNN . Return on Capital Employed (ROCE) 5 Explain why Profit is not equivalent to Cash using examples 6 Explain why Cash Flow is important in business 7 In light of Covid 19, the Wakeshio effect and the uncertainty of the opening of the Mauritius frontiers to Tourists, what are the implications for the company? 10 3 Prepare the Notes to the Financial Statements for the year ended 31 December 2019 Totel 100