QUESTION 4 (25 marks) Below are financial statement for three unrelated companies. One company is an agent, one is a supermarket chain and one is a car manufacturer STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2020 A Ltd CU N5,000 N5,000 N5.000 Sales 12.000 25.300 Cost of sales 1545 (14.500 Gross profit 8.830 2.505 10.700 Operating expenses (8.480) (1.475) 8.900 Operating profit 1800 Finance costs (70) (74) 2220) Profit before taxation 1.5 Income for the period (287) Profit for the period 196 1.100 170 1.030 3 STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 2020 A Lid C000 Bid COOO Cuad COO 3.400 SOO 11.500 293 1.250 155 150 Assets Non-current assets Property, plant and equipment Current assets Inventories Accounts receivable Cash TOTAL ASSETS Equity and Liabilities Capital and reserves Ordinary share capital Retained earnings Current liabilities Accounts payable TOTAL EQUITY AND LIABILITIES 4.580 1 200 2.800 50 16.08 1,055 100 3.750 100 374 13.530 2.250 1.200 4.650 The following key ratios have been correctly calculated for A Lid Ratio 2020 Operating profit margin Sales to total assets 2.6 times Current ratio Inventory holding period 18 days Accounts receivable collection period 1 day Financial Accounting 18 (AFE3692) Individual Assignment Our date: 12.2000 REQUIRED: 1. Calculate the same key ratios for Bid and Cud (10 marks) Operating profit margin Sales to lotal assets Current ratio iv. Inventory holding period Accounts receivable collection period 2. Considering each company in lum, discuss with reason, which of ALM Bid and Ladisle to be the estate agent, the supermarket chain and the caracturer You should use all five ratios in your discussion of each company (15 mars