Question 1 Paul and 5 ons ltd company senior management have been presented with the following financial statement: Paul and Sons Ltd Income statement tor the year ended 31a December Ha.5 Acproved: 15/07/202z Statement of financial position 25 of 31 December Note: All sales and purchases were on credt. a) Using sbe ratios we have learned, comment on the profitability (three ratios) and efficiency (three ratios) of the business. (15 marks)