This report presents a financial analysis of Elite plc, focusing on the comparison of its financial statements through various ratio analyses, including gross profit margin, operating profit ratio, return on capital employed, current ratio, acid test ratio, trade receivables turnover, trade payables turnover, and non-current asset turnover. The analysis covers the years 2018 and 2019, highlighting trends in profitability, liquidity, and efficiency. The report calculates and interprets these ratios, providing insights into Elite plc's financial health and performance over the specified period. Recommendations are offered to improve financial performance, such as controlling direct and indirect expenses, managing inventory, and optimizing credit terms. The analysis draws on financial data to evaluate key aspects of the company's operations and financial management.
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