Financial statements for Blacksea plc for the years ended 30 June 2009 and 2010
(a) Based on the information given above, calculate the profitability, liquidity, efficiency gearing and investment ratios for the company for 2009 and 2010.
(b) Using the ratios calculated in part (a) and additional ratios if necessary, prepare a report for your Chief Executive analysing the financial performance of the company. Your report should include observations on the changes in the companiesa profitability, liquidity, efficiency of operations and any other aspects you think are relevant. The analysis should also include an examination of the companyas performance during the two years using the financial ratios for 2009 and 2010 and the industry averages, provided in the question.
(c) Discuss to what extent ratio analysis can assist in analysing the financial position and performance of Blacksea plc.
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