ABC PLC Consolidated Balance Sheet at December 31, 2019
CAPITAL EMPLOYED
Fixed Assets:
Intangible Assets	216,7 M
Tangible Assets	793,7
Investments	7,4
	1,017,8
Current Assets
Stock	373,9
Debtors	624,2
Cash	175,6
	1,173,7
Current Liabilities
Creditors: amounts falling due within one year	(502,3)
Net current assets	671,4
Total assets less current liabilities	1,689.2
Creditors: amounts falling due after more than one year	(488,4)
Provisions for liabilities and charges	(423,5)
Net Assets	777,3
CAPITAL AND RESERVES
Called up share capital
Ordinary shares	38,7
Convertible cumulative preference shares	337,2
Redeemable convertible cumulative preference shares	-
	375,9
Share premium account	92,8
Capital redemption reserve	461,9
Own shares	(6.4)
Profit and loss account	(180,2)
Shareholders Funds
Equity shareholders funds 406,8
Non-equity shareholders funds 337,2
	744,0
Equity minority interest	33,3
	777,3

Required:

1. Identify how format of the above classified balance sheet provides useful information (1 mark)
2. Identify at least three differences in balance sheet reporting between British and U.S. firms as shown in the above balance sheet. (1.5 mark)
3. Calculate at least three financial ratios by using the information available in the above format of balance sheet (1.5 mark).