(a)[10]
Prepare the income statement covering the year ended 31 December 2018.
(b)[9]
Prepare the statement of financial position as at 31 December 2018. Put your workings in the space provided on the next page.
(c)[5]
Advise the directors on which option they ought to choose. Explain your reasons.
(d)[2]
Identify two internal stakeholders who have an interest in the financial statements of a limited company.
(e(i))[2]
Name two ratios that a business may use when assessing profitability.
(e(ii))[2]
Name two ratios that a business may use when assessing liquidity.