QUESTION 3 3.1 \begin{tabular}{|l|r|} \hline \multicolumn{2}{|l|}{ Mayland Limited } \\ \hline \begin{tabular}{l} Statement of Comprehensive Income for the year ended \\ 31 December 2014 \end{tabular} \\ \hline & \multicolumn{1}{|c|}{ R } \\ \hline Sales & (240000 \\ \hline Cost of sales & 325600) \\ \hline Gross profit & (2084400 \\ \hline Selling, general and administrative expenses \\ \hline Income from operations & 1200000 \\ \hline Interest expense & (144000) \\ \hline Interest income & 264000 \\ \hline Profit before tax & 1320000 \\ \hline Income tax & (396000) \\ \hline Profit atter tax & 1024000 \\ \hline Earnings per share & \\ \hline \end{tabular} 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 eamings 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. 3.1.2 Provide two possible reasons why the gross profit margin is lower in 2014 than in 2013. (67\% in 2013) 3.1.3 Recommend two ways in which the company can sustain its profitability levels