=+3. Comment upon the following results:

(Figures in thousands of £).

Sales Gross Profit Average Stock Net Profit (before tax) Capital Employed: 6% Preference Shares Ordinary Shares 5% Debentures Reserves Ordinary Dividend 4,000 5,000 5,300 5,400 5,320 5,250 860 890 910 900 890 875 950 1,050 1,080 1,100 1,180 1,210 170 180 200 190 180 160 200 200 200 200 200 200 1,200 1,200 1,200 1,200 1,200 1,200 60 60 60 60 60 60 40 60 90 100 120 130 10% 10% 14% 11% 11% 10%