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

1e. Calculate the gross profit  attained for each of the 3 years (10)

2b. Recalculate the cash flow forecast for July showing that cash sales are now expected to be $2 million higher than originally forecast and labour and overheads expected to be 20% higher than forecast (6)

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

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

1a. Define the term unit costs    (2)

1c. Briefly explain capital equipment (3)

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

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)

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)