Question: Include the PnL and Balance sheet: Comment on the financial performance of Sandy Manufacturing Pty Ltd, did the financial performance improve or deteriorate during the

Include the PnL and Balance sheet:

Comment on the financial performance of Sandy Manufacturing Pty Ltd, did the financial performance improve or deteriorate dur INFORMATION: MR SANDY SCOTT AND SANDY MANUFACTURING PTY LTD Background Mr Sandy Scott, a customer of another bank, approached LETTER FROM AUDITOR Muller Khan Chartered Accountant Tel: Fax: (08) 786 7234 (08) 786 7233 Martell Building Perth 23 August 2 REPORT OF THE DIRECTORS FOR THE YEAR ENDED 30 JUNE 2021 To the shareholders Your directors have pleasure in submitting their SANDY MANUFACTURING PTY LTD STATEMENT OF FINANCIAL POSTION AT 30 JUNE 2021 Notes 2021 2020 31 000 SHAREHOLDER CONTRIBUTION S Rent SANDY MANUFACUTURING PTY LTD DETAILED STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 PRINC NOTES TO THE FINANCIAL STATEMENTS - 30 JUNE 2021 1. ACCOUNTING POLICIES The financial statements have been prepared on the hi 5. NON-CURRENT ASSETS Net book value Net book value 2021 2020 2 804 700 2479 400 Cost Accumulated depreciation Plant and 17 0 2021 2020 9. $ 1 000 000 $ 10 830 800 $ 4639 700 DIRECTORS EMOLUMENTS As directors Other All director emoluments were alloca SANDY SCOTT STATEMENT OF FINANCIAL POSITION AS AT 20 AUGUST 2021 ASSETS $ 15 000 000 $5 160 000 $ 7 500 000 Residential prope Asset valuations: Peter Bowrie (Property valuer consultant of the bank) valued the properties in the name of Sandy Scott as f

Comment on the financial performance of Sandy Manufacturing Pty Ltd, did the financial performance improve or deteriorate during the past financial year. Use financial ratio analysis (at least 4 ratios) to substantiate your answer and provide a complete interpretation of the financial position of the company. (Note that you will have to rewrite the income statement and the balance sheet to obtain the correct figures for the ratio analysis).

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