A) Prepare for Busybee the equivalent ratios that have been provided by the agency.

B) Assess the financial and operating performance of Busybee in comparison to its sector averages.

C) Explain four possible limitations of the usefulness of the above comparison.

Busybee sells honey from stores in shopping centres around the country. It has experienced a decline in profitability over the last two years and wonders whether this is related to the sector as a whole. It also has recently registered with an agency that generates average ratios across a wide range of companies. The agency has been provided the ratios for Busybee's business sector for the year ended 30 June 2022. Below are the financial statements of Busybee for the year ended 30 September 2022 : Statement of financial position