Mayland Limited
Statement of Comprehensive Income for the year ended 31 December 2014
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Sales	5 340 000
Cost of sales	(2 055 600)
Gross profit	3 284 400
Selling, general and administrative expenses	(2 084 400)
Income from operations	1 200 000
Interest expense	(144 000)
Interest income	264 000
Profit before tax	1 320 000
Income tax	(396 000)
Profit after tax	924 000
Earnings per share	102 cents

Required:
Study the Statement of Comprehensive Income of Mayland Limited for the year ended 31 December 2014 above and answer the following questions:
3.1.1	The earnings per share for the year ended 31 December 2013 was 90 cents. Comment on the earnings per share from the point of view of the shareholders.	(2)
3.1.2	Provide two possible reasons why the gross profit margin is lower in 2014 than in 2013. (67% in 2013)	(4)
3.1.3	Recommend two ways in which the company can sustain its profitability levels.	(4)