You are presented with the following financial report extracts for Rocky Ltd: 2015 2014 2013 $ $ $ Income statement 2012 $ Sales 370,000 310,000 270,000 Cost of sales 174,000 140,000 116,000 Interest 17,000 9,000 4,000 Taxation 30% Other expenses 60,000 56,000 54.000 Statement of financial position Current assets Inventory Accounts receivable Total current assets 18,000 62,000 110,000 15,000 41,000 72,000 17,000 31,000 62,000 18,000 29,000 Non-current assets Property, plant and equipment 140,000 120,000 110,000 Total non-current assets 210,000 150,000 320,000 262.000 212,000 180,000 Total assets Current liabilities 11.000 Accounts payable Total current liabilities 30,000 70,000 17.000 52,000 12.000 42,000 Total non-current liabilities 110,000 80,000 30,000 180,000 132,000 72,000 Total liabilities Total shareholders' funds 140,000 130,000 140,000 Note: that there are also other current assets, non-current assets, and current liabilities that are not specifically listed in the extracts shown above. Required: 1) Prepare a ratio analysis from the available information to cover profitability, liquidity, efficiency and capital structure, 2) Based on the above ratio analysis, prepare a report indicating potential strengths and weakness in the management of this business. 3) Identify additional information you would require to improve your analysis of this company over the period specified. You are presented with the following financial report extracts for Rocky Ltd: 2015 2014 2013 $ $ $ Income statement 2012 $ Sales 370,000 310,000 270,000 Cost of sales 174,000 140,000 116,000 Interest 17,000 9,000 4,000 Taxation 30% Other expenses 60,000 56,000 54.000 Statement of financial position Current assets Inventory Accounts receivable Total current assets 18,000 62,000 110,000 15,000 41,000 72,000 17,000 31,000 62,000 18,000 29,000 Non-current assets Property, plant and equipment 140,000 120,000 110,000 Total non-current assets 210,000 150,000 320,000 262.000 212,000 180,000 Total assets Current liabilities 11.000 Accounts payable Total current liabilities 30,000 70,000 17.000 52,000 12.000 42,000 Total non-current liabilities 110,000 80,000 30,000 180,000 132,000 72,000 Total liabilities Total shareholders' funds 140,000 130,000 140,000 Note: that there are also other current assets, non-current assets, and current liabilities that are not specifically listed in the extracts shown above. Required: 1) Prepare a ratio analysis from the available information to cover profitability, liquidity, efficiency and capital structure, 2) Based on the above ratio analysis, prepare a report indicating potential strengths and weakness in the management of this business. 3) Identify additional information you would require to improve your analysis of this company over the period specified