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Task 1 - Financial Statements - You must produce a formal business report for Andrew. - In order to offer Andrew appropriate advice, you should

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Task 1 - Financial Statements - You must produce a formal business report for Andrew. - In order to offer Andrew appropriate advice, you should download the latest copy of the 'Lego' group annual report from the following website: httpillwwwilego com/en-gblaboutus/lego-grouplannual-report You should: - Explain how financial performance is measured in different types of business ownership structures. In particular, you should consider sole traders, partnerships, private limited companies and public limited companies. - Use the annual report you have downloaded to analyse the published financial statements of Lego. This will assist Andrew in making an informed decision about the planned development. - Analyse the budgeting and cash flow data provided in the 'Lego' Annual Report that you have downloaded. - Complete a ratio analysis based on the financial statements published by Lego. - Assess the effectiveness of ratio analysis as a decision making tool. - Critically assess the usefulness of published financial statements when seeking potential investors. - Recommend and justify actions 'Lego' might take to improve its cash flow position

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