(a)[8]
Using the figures in Appendix 3, calculate these ratios for CC: • Gross profit margin • Profit margin • Current ratio • Acid test ratio Show your workings.
(b)[12]
Consider how the following three government legal controls could affect CC. Which change is likely to have the biggest impact on profit? Support your answer. • An increase in the minimum wage • Tighter controls on what can be written in advertisements • No waste plastic can be sent to landfill sites