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Question one ABx is an automobile manufacturing company listed on the London Stock Exchange ( LSE ) . Prior to 2 0 1 7 ,

Question one
ABx is an automobile manufacturing company listed on the London Stock Exchange (LSE). Prior to 2017, the company suffered from a steady decline in profitability. This led to a deterioration in shareholders' confidence and a drop in the company's market value. To mitigate the situation and restore shareholders' confidence, early in 2017. ABX elected a new CEO. The new CEO promised to restore shareholders" value by improving the company's profitability and raising the Earning Per Share (EPS) value by 50 percent over a period of eight years (i.e. until Q12024). The following table provides extracts from ABx 's financial statements from quarter 1 of the financial years ended 31st December 2017 and 31st December 2024.
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