Geoworld Enterprises plc has the following information extracted from its statement of income and payroll systems:

....................................................................................... £

Revenue ............................................................. 411, 000,000

Compensation expenses ........................................... 158,000,000

Raw materials used ................................................. 100,000,000

Payments to subcontractors ........................................ 51,000,000

Energy expenses ....................................................... 1,000,000

Depreciation expenses ............................................... 1,000,000

Interest expenses ..................................................... 2,000,000

Taxation expenses ................................................... 16,000,000

Each fulltime employees works double the hours of part time staff.
Dividends paid to shareholders ........................ 3,000,000
Required:
(a) Prepare a value added statement.
(b) Prepare your version of the ratio of the chief executive salary to the median income of other employees. (Note the objective is not to get you to look up the standard form of the calculation but rather to get you to think about the complexities of the calculation and the need for standardization of the system.) Justify your calculation(s).
(c) Would the required information be readily available in the typical information system? If not could such systems be easily modified?
(d) Look at the calculation in (b) above and consider how the CEO could improve their score in the future and whether all those possibilities would be in the interests of shareholders?

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Part time Total payment to the group Employment statistics Full time Totd payment to the group Number Number CEO Senior executives Other executives Ix 1,000,000 3,000,000 4,000,000 5x 10x 80,000,000 40,000,000 2,000x 2000x 2,000x 35,000,000 2,000x Local employees 1000x 4,000x 10,000,000 20,000,000 International employees Subcontractors 16,000,000