Business Studies · May / June 2018 · Paper 11 · Question 3

IBH is a family-owned private limited company. It makes a range of shoes for children, using batch production. It is a competitive market. Like many businesses, IBH needs finance for a number of reasons. The Finance Director has been looking at some financial data. An extract is shown in Table 1. Some of the directors would like to expand into the women’s shoe market and want to know whether IBH’s performance is improving. Table 1: Extract from financial data for IBH ($000) 2016 2017 Revenue 400 480 Gross profit 240 320 Profit 120 120 Non-current liabilities 100 200

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