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No Handwriting Please The following historical information is an extract from the 2017 annual report of Foster's Group. All figures are in millions of dollars.

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The following historical information is an extract from the 2017 annual report of Foster's Group. All figures are in millions of dollars. Use horizontal analysis to describe the trend in revenue and profits. ltems Net Sales Profit After Tax Year 2017 Year 2016 4555.2 966.2 4350.9 1166.2 Year 2015 3222.2 919.9 Year 2014 2943.7 799.3 Year 2013 3080.3 462.9 UUNZ Institute Of Business: S3, 2017 Accounting and Finance for Executives Page 3 of 6 Required a. Using 2013 as the base year, compare the revenue and profit to the relevant starting (Maximum Marks 5) b. Analyse and explain each trend separately, and then provide an overall conclusion (Maximum Marks 5) point (base year) based on the two explained trends

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