Can you indicate which ratios/ financial measures should be used for parts (i) (ii) (iii).

I think part (i) referees to dividend policy

Questlon 2 For the purposes of this question, you should refer to the Applegreen Group 2018 Annual Report, an extract of which is attached to this paper. From Applegreen's Growth strategy (P. 28) "Applegreen plans to continue the expansion of its PFS estate in the Republic of Ireland, the UK and the US. The site identification and development team in each region is responsible for identifying appropriate PFS sites, both existing and new to industry sites, and bringing them into the estate." Required In your capacity as a financial advisor, one of your clients has approached you secking some advice on her current equity investment in Applegreen ple. Despite being comforted by the above statement and her observation that Revenue has grown by almost 41%, she is slightly concerned there is liquidity risk at Applegreen and that this risk will prevent the firm from growing. She asks that in your review that you address Applegreen's cash cycle. Using a number of key ratios/financial measures to inform your analysis, prepare a report for your client assessing Applegreen's financial performance and position in 2018. Your report should include the following: (i) an evaluation of the Applegreen's growth strategy (ii) An evaluation of its Liquidity position (10 marks) (iii) an analysis of its ROCE performance (16 marks) (14 marks) Your report should advise "for" or "against" continued investment in Applegreen. Your report must also include justification for your position