Profit & Loss Account You should be able to identify the business causes and implications of key items on the profit and loss account. EXERCISE 2 Shown next are summary profit and loss accounts for three companies with comparative figures for last year shown alongside. Study these accounts and then answer the following questions: 1) Which company sold an investment in ABC A 2) Holdings Limited for 450,000 profit? Which company sold its goods for less than it cost to make them? 3) Which company has shown the greatest percentage increase in sustainable core . business profit? . 4) operational profit Which company cut its gross margin percentage this year due to intense stop competition? 5) In which company would you most like to invest? Assume all investment income and interest payable relates to only one item per year!