Please, as soon as possible

Question 2 You are given the following details in connection with the results for Bleddyn ple, and you are also given a selection of industry average data. Note that Mnventory Turnover" is given in days. "Shares in issue refers to ordinary 1 shares. "Gearing" is calculated as; Debt/(Debt + Equity) Year ended 30 June 2017 2018 2019 2020 Industry 000 000 E000 E000 Average Sales 770 790 750 700 Not available Gross Profit 400 405 300 275 Not available Dividend per share 3.4p 3.Op 3.0p 2.9p Not applicable Shares in issue (000) 350 350 350 350 Not applicable The following ratios have been calculated ROCE 38.5% 38.7% 32.5% 30.9% 34.1% Asset Turnover 1.25 1.25 1.05 0.78 1.47 Quick ratio 1.89 1.88 1.78 1.17 1.29 Inventory Turnover 3.4 3.5 3.7 3.97 Receivables Days 12.1 12.7 125 19.8 13.2 Payables Days 22.8 22.9 25.2 37.5 24.7 Gearing 30% 30% 30% 25% 35% PE ratio 6.1 5.1 8.1 3.1 9.1 Interest Cover 1.7 1.8 14 1.2 1.6 REQUIRED 3.6 a) Calculate any additional ratios you consider to be appropriate, and analyse Bleddyn ple's performance for the period above. State any necessary assumptions, and show your workings. Suggest possible reasons for any of the trends and changes which you identify, and comment on the possible future outcomes, assuming that Directors' policies stay unchanged into the future. (18 marks) b) Following a major increase in share value, Bleddyn ple's PE ratio at 30 June 2021 was 20.4. The company's performance has not improved, but it is noted that Bleddyn plc holds some very valuable land. What type of investors might have pushed the share price up, and why? (4 marks) =