(a)[2]
State two comparisons that a business may make when using ratios to judge its performance.
(b(i))[2]
Calculate net assets on $31\text{ December }2022$.
(b(ii))[2]
Calculate retained earnings on $31\text{ December }2022$.
(b(iii))[6]
Calculate retained earnings on $1\text{ January }2022$.
(c(i))[6]
Calculate the working capital cycle at $31\text{ December }2022$ and round each component up to the next whole day.
(c(ii))[2]
Calculate the gearing ratio at 31 December 2022 to two decimal places.
(d)[5]
B plc, a major competitor, has a working capital cycle that is 5 days shorter than Z plc's. Advise Z plc's directors whether they ought to be concerned about the company's working capital cycle. Justify your answer.