Shown below are the financial statements of Woodbank for its most recent two years: Statements of profit or loss for the year ended 31 March: The following information is available: (i) On 1 January 2014, Woodbank purchased the trading assets and operations of Shaw for $50 million and, on the same date, issued additional 10% loan notes to finance the purchase. Shaw was an unincorporated entity and its results (for three months from 1 January 2014 to 31 March 2014) and net assets (including goodwill not subject to any impairment) are included in Woodbank’s financial statements for the year ended 31 March 2014 .There were no other purchases or sales of non-current assets during the year ended 31 March 2014. (ii) Extracts of the results (for three months) of the previously separate business of Shaw, which are included in Woodbank’s statement of profit or loss for the year ended 31 March 2014, are: (iii) The following six ratios have been correctly calculated for Woodbank for the year ended 31 March 2013: Required: (a) Calculate for the year ended 31 March 2014: (i) equivalent ratios (all six) to the above for Woodbank based on its reported figures; and (ii) equivalent ratios to the first FOUR only for Woodbank excluding the effects of the purchase of Shaw. Note: Assume the capital employed for Shaw is equal to its purchase price of $50 million. (10 marks) (b) Assess the comparative financial performance and position of Woodbank for the year ended 31 March 2014. Your answer should refer to the effects of the purchase of Shaw. (15 marks)