A) A financial analyst states that company profit had increased by $1.8m compared to the previous financial year.

i) Are you able to decide whether the $1.8m increase is large, small or of medium size? Briefly explain the reasoning behind your answer.

ii) Provide an alternative statement using a percentage and assuming that the annual profit in the previous financial year was $900,000.

iii) From your answer to ii) now make a judgement about the increase of $1.8m profit i.e. do you consider it to be large, small or medium?