(a)[2]
State any two comparisons that a business can make when it uses ratios to judge its performance.
(b(i))[2]
Work out net assets at 31 December 2022.
(b(ii))[2]
Work out retained earnings at 31 December 2022.
(b(iii))[6]
Work out retained earnings at 1 January 2022.
(c(i))[6]
Work out the working capital cycle (round each element up to the next whole day) at 31 December 2022.
(c(ii))[2]
Work out the gearing ratio (to two decimal places).
(d)[5]
Advise the directors of Z plc on whether they ought to be concerned about the company’s working capital cycle. Justify your answer.