QUESTION 1. This question addresses Learning Outcome 2: Evaluate the risks and rewards of a business, business operation or business proposal, making use of appropriate accounting data. You are a financial analyst reviewing the draft financial statements of Speedy Coaches Ltd with a view to purchasing the company and have been given the following information. \begin{tabular}{lrr} Statements of financial position as at 30 June & & \\ & 2022 & 2021 \\ ASSETS & 000 & 000 \\ Non-current assets & & \\ Property, plant and equipment & 10,300 & 8,720 \\ Current assets & & \\ Inventories & 750 & 701 \\ Trade receivables & 597 & 436 \\ Cash & 407 & 279 \\ \cline { 4 - 4 } & 1,754 & 1,416 \\ Total assets & & \\ & 12,054 & 10,136 \\ Current liabilities & & \\ Trade payables & & \\ Other payables and accruals & 551 & 652 \\ Taxation & 290 & 480 \\ & 1,166 & 1,257 \\ \hline Total assets less current liabilities & & \\ \end{tabular} Required (show your workings, you may refer to the formula sheet at the end of the paper): a) Complete the financial statements by preparing the Statement of Cashflows for 2022. (10 marks) b) Calculate at least five ratios covering profitability, efficiency, liquidity and gearing. (5 marks) c) Comment on the financial health of Speedy Coaches Ltd. Summarise your findings from b), including a recommendation about whether or not to make the purchase. (5 marks) d) Discuss the limitations of ratio analysis and identify any further information that may be useful