(a)[1]
State what the working capital cycle measures.
(b)[4]
Explain two reasons why AB plc’s working capital cycle is longer than that of the rival.
(c)[12]
Complete the table below. State the formula used for each ratio and work out each one for 2021 and for the earlier year, 2020. Give answers to two decimal places.
(d)[6]
Discuss why the ratios in (c) and the market price of the shares altered between 2020 and 2021.
(e)[2]
Explain why the publication date influences the usefulness of AB plc’s financial statements.