Question 1 The Poole company has an objective in its long-term business plan of achieving significant...

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Question 1 The Poole company has an objective in its long-term business plan of achieving significant growth in its business in the 5 years 2022 to 2026. It is now the end of the year 2023. Its results for the years to 31st December 2022 and 2023 are summarised below: Income statement for the year ended 31 December 2022 2023 Sales 31,200,000 26,000,000 Cost of sales Operating expenses 18,720.000 15,600,000 12,480,000 10,400,000 6,780,000 5,200,000 Interest charges Depreciation 500,000 0 3,000,000 3,000,000 Net profit 2,200,000 2,200,000 Balance sheet as at 31 December Non-current assets Net current assets Loan Share capital Accumulated profit 2022 2023 27,300,000 26,000,000 15,600,000 7,800,000 42,900,000 33,800,000 9,000,000 33,900,000 33,800,000 19,500,000 19,500,000 14.400.000 14,300,000 33,900,000 33,800,000 Sales are seasonal and are much higher in the first six months of the year than in the second six months. The half-yearly sales figures in the past two years have been as follows: Question 1 The Poole company has an objective in its long-term business plan of achieving significant growth in its business in the 5 years 2022 to 2026. It is now the end of the year 2023. Its results for the years to 31st December 2022 and 2023 are summarised below: Income statement for the year ended 31 December 2022 2023 Sales 31,200,000 26,000,000 Cost of sales Operating expenses 18,720.000 15,600,000 12,480,000 10,400,000 6,780,000 5,200,000 Interest charges Depreciation 500,000 0 3,000,000 3,000,000 Net profit 2,200,000 2,200,000 Balance sheet as at 31 December Non-current assets Net current assets Loan Share capital Accumulated profit 2022 2023 27,300,000 26,000,000 15,600,000 7,800,000 42,900,000 33,800,000 9,000,000 33,900,000 33,800,000 19,500,000 19,500,000 14.400.000 14,300,000 33,900,000 33,800,000 Sales are seasonal and are much higher in the first six months of the year than in the second six months. The half-yearly sales figures in the past two years have been as follows: