INFORMATION The financial position of Gatti Limited as at 31 December 2022 is reflected the following statement: Statement of Financial Position as at 31 December 2022 ASSETS Non-current assets Property, plant and equipment Fixed deposits Current assets Inventories Accounts receivable Cash and cash equivalents Total assets EQUITY AND LIABILITIES Equity Ordinary share capital Retained earnings Non-current liabilities Long-term loan Current liabilities Accounts payable Total equity and liabilities R 1 400 000 1 200 000 200 000 5 800 000 3 400 000 2 000 000 400 000 7 200 000 4 680 000 3 600 000 1 080 000 720 000 720 000 1 800 000 1 800 000 7 200 000
INFORMATION The financial position of Gatti Limited as at 31 December 2022 is reflected the following statement: Statement of Financial Position as at 31 December 2022 ASSETS Non-current assets Property, plant and equipment Fixed deposits Current assets Inventories Accounts receivable Cash and cash equivalents Total assets EQUITY AND LIABILITIES Equity Ordinary share capital Retained earnings Non-current liabilities Long-term loan Current liabilities Accounts payable Total equity and liabilities R 1 400 000 1 200 000 200 000 5 800 000 3 400 000 2 000 000 400 000 7 200 000 4 680 000 3 600 000 1 080 000 720 000 720 000 1 800 000 1 800 000 7 200 000
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.10E
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