A) Calculate the cash operating cycle of Stone Limited for the year ends 30 April 2018 and 2019.

B) Calculate the comparative ratios for Stone Limited for the year ended April 2019.

C) Based on the results of the previous year end and the industry average. Draft a report addressed to the Board of Directors analysing the performance of the company for year 2019.

The ratios for Stone Limited have been calculated below based on the previous yea financial statement and latest industry average ratios. The financial statements of Stone Limited for the most recent two years is shown below. Extract from statement of profit or loss for the year ended 30 April Statement of financial position as at 30 April. The ratios for Stone Limited have been calculated below based on the previous yea financial statement and latest industry average ratios. The financial statements of Stone Limited for the most recent two years is shown below. Extract from statement of profit or loss for the year ended 30 April Statement of financial position as at 30 April