I need the answers please

QUESTION 1 The financial statements identify financial position, performance and changes in cash flows over a period. The main statements include the statement of financial position, the statement of comprehensive income and the statement of cash flows. These statements are intended to show how well a company has performed and give an indication of the value of the business. However, many accountants are of the opinion that the financial statements are of limited value to the users. You are required to: A). Identify and discuss the limitation of financial statements. (15 Marks) B). Identify potential users of financial statements and their likely information needs. (8 Marks) C) State the underlying assumptions of financial statements as specified by "The Conceptual Framework for Financial Reporting (IASB CF). (2 Marks) QUESTION 2 Tenderland Plc. has been trading in merchandise for several years in Garden City. The information below relates to the extracts from the financial statements for the past two years. Statement of Profit or loss and other comprehensive income for the year ended September 30. 2016 2015 ' Million 'Million Revenue 100,000 160.000 70,000 27,500 45,000 22,500 Gross Profit Administrative expenses Finance cost 1250 1250 10% Loan Note Interest 23750 28.750 21,250 41.250 8.000 Operating Profit before Tax Less: Taxation for the year Less: Operating Profit for the Year Dividends paid to Equity holders 16.000 25.250 13.250 6,050 8,550