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Below is an extract from the accounts of TFG company for the year ended 31 March 2021   Revenue $350m Cost of sales $120m Operating profit $30m Average inventory $40m Current assets(as at 31/03/21) $82m Current liabilities(as at 31/03/21) $102m Accounts receivable $40m Long term liabilities $65m Capital employed $120m

2c. Evaluate four ways in which ABC Trading could improve its cash flow position in July (8)

1c. Briefly explain capital equipment (3)

3b Evaluate the usefulness of the ratio analysis you have undertaken to the management of TFG   (4)

1a. Define the term unit costs    (2)

1f. Discuss the sources of finance WS could use if the joint venture proposal is agreed (10)

2c. There are three factors that affect the success of LL drinks .These factors are unemployment increasing in the country, the rising cost of fruits and an increase in taxes by the government . Explain how each of these factors affects  sales .Which factor do you think affects sales the most ?Justify your answer (12)

1c Explain to Abdul,Bruce and Carlos why each of the following documents will be important in managing their business .Choose which is likely to be the most useful Cash flow forecast ,statement of financial position and income statement .Choose which is likely to be the most useful .Justify your choice (12)

LL Drinks is a public limited company which produces a variety of fruit drinks. The drinks are produced and sold in many different countries across the world. LL Drinks is a successful company, but the directors want to increase its share of the fruit drinks market around the world. The following two ways of increasing market share have been identified. Option 1: Increase sales of its most popular brand of drinks by starting to sell it in 10 more countries. The investment required to launch the drinks into these new markets is estimated to be $50m. This includes market research, marketing campaigns and building factories to produce the fruit drinks in these countries. Option 2: Take over a competitor which sells a different range of drinks. The cost of buying all the shares to take over this competitor is estimated to be $100m.   APPENDIX 1 Summary of Financial Information LL Drinks existing business 2020                                                             $m Capital employed 400 Sales revenue 800 Gross profit 600 Net profit 100     Option 1 forecasts                                                                     $m per year Sales revenue from 10 countries 200 Cost of sales 80 Operating expenses 110     Option 2 forecasts Sales revenue from taking over the competitor 400 Cost of sales 120 Operating expenses 220    

2b. Discuss the benefits and limitations of ratio analysis   (12)