em Premium Petroleum (PP) is a multinational oil producer based in the UK. Early in 2016, the board and the company's shareholders elected a new CEO with an expansionary vision. As such, a plan was designed with the bold aim of achieving a 10 percent increase in sales by the end of 2021 (that is, the sales between 31/12/2016 and 31/12/2021). In 2018, PP secured a contract to diversify its market and be the first company in the industry to secure a contract to supply to Etoken, the industry leader of cryptocurrency mining, with petroleum. Etoken relies on fuel to support the mining activity with electricity The following table provides information about Premium Petroleum (PP) over the six- year period from 31/12/2016 to 31/12/2021. Year ended 31 Dec 2021 2020 2019 2018 2017 2016 155,760 130.756 220,076 207.848 240.239 232,480 186,377 247.196 151.655 250, 433 PP Turnover (000) Industry average Turnover (000) PP Average unit price of barrel of oil sold by () PP Volume of barrels sold (rounded to nearest 000) 150,892 260,874 83.00 51.82 66.00 53.80 66.44 56.62 1,877 4,247 3,634 3,464 Please use the above information to answer the following questions: 2.282 2.665 a) Calculate the overall percentage change in the annual turnover of Premium Petroleum between the years ended 31/12/2016 and (1) 31/12/2018 b) Comment on any observed trends in the annual turnover of both PP (4) and the industry average over the six-year period. (Write three to four sentences.) c) Calculate the arithmetic average of annual growth in turnover for (7) both PP and the industry average. d) The table shows the increase in PP turnover in 2019 was driven by (3) both the quantity of oil barrels sold and an increase in average unit