solution plz

QUESTION 2 10 MARKS Part A 5 MARKS What factors seem likely to explain the popularity of the limited liability company as the legal form of so many businesses? Part B 5 MARKS Counterpoint plc, a wholesaler, has the following accounting ratios for last year and this year: Last year This year 28.25 51.95 13.51 18.35 40.00 50.00 10.00 Return on capital employed (ROCE) (%) Return on ordinary shareholders' funds (ROSF) (%) Gross profit margin (%) Operating profit margin (%) Settlement period for trade receivables (days) Settlement period for trade payables (days) Current ratio Acid test ratio Gearing (%) 91 20.00 73 37 1.63 : 1 0.72 46 1.37 : 1 0.60 56.31 58.55 Based on these ratios, comment on the performance of the business this year as compared with last year