(a)[8]
From the information in Appendix 3, work out these ratios for CC: • Gross profit margin • Profit margin • Current ratio • Acid test ratio Show your working.
(b)[12]
Consider the effect on profit of the following three government legal controls. Which one is likely to have the biggest effect on profit? Give reasons for your answer. • Increase in the minimum wage • More controls over what can be stated in advertisements • No waste plastic can be sent to landfill sites