S- Explain why the going concern basis is important in understanding PHILIPS financial statement; Support your answer with evidence from PHILIPS annual report. [Marks (Words): 10(200)] - Balance sheet can be prepared in vertical, net asset and horizontal format. What is the difference between these formats? Which format has been adopted by PHILIPS and what is the underlying assumption? Provide evidence from annual report. [Marks (Words): 10(200)] 7. What is meant by investor ratio? Explain the dividend payout ratio and earning per ratio, compare these ratios from 2018 to 2019 from annual report to PHILIPS. [Marks (Words): 10(200)] s. Write the summary on the financial position of Philips. Your summary should include the main financial data of the company [Marks (Words): 10(200)] In your answer, you should explain each point or inquire separately. Use the following headings (below) to make up the different sections of your work: Cover The PT3 form (available on LMS) Contents Title and contents page References Recorded according to the Harvard style - Available on LMS Good Luck