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Question Two On your way to meet a bank manager to negotiate for a facility, you have lnt to carjackers a folder containing two financial statements which are the suboct of the meeting, From your wel maintained diary, you're able to extract the following ratios and data for IBBPM Company. (Unlana otherwise indicated, all date are as of lune 30, 2019) Current ratio.. 2:1 Days' sales in inventory. 36 days Accounts receivable turnover 16 Gross profit margin ratio.50% Beginning accounts receivable Shs 50,000 Expenses (escluding cost of goods sold) Sha 450,000 Return on end of year common equity 20% Total debt to equity ratio.1:1 Sales (all on credit) Shs 1,000,000 Non-current assets 3hs 300,000 Required Using the above data, construct the, Statement of Income for the year ended June 30, 2019 and Statement of Financial Position as at that date. In the Statement of Financial Position, Current Assets Consist of Cash, Accounts Receivable and Inventory. Statement of Financial Position Classifications Include Cash, Accounts Receivable, Inventory, Total Non-Current Assets, Total Current Assets, Total Current Liabilities, Total Non-current Liabilities and Equity. (Total 25 Marks) Question Three a) Accounting analysis is crucial to effective financial analysis. Discuss the limitations analysis

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