Xpand is a public company which has grown in recent years by acquiring established businesses. The following financial statements for two potential target companies are shown below. They operate in the same industry sector and Xpand believes their shareholders would be receptive to a takeover. An indicative price for 100% acquisition of the companies is $12 million each. Statements of profit or loss for the year ended 30 September 2015 Required: (a) Using the above information, assess the relative performance and financial position of Kandid and Kovert for the year ended 30 September 2015 in order to assist the directors of Xpand to make an acquisition decision. (11 marks) (b) Describe what further information may be useful to Xpand when making an acquisition decision. (4 marks)