The statement of financial position of Weatherly Unlimited (Pty) Ltd is presented below: Statement of Financial Position as at 28 February 2022 R Non - current assets 1 850 000 Property, plant and equipment 1.850 000 Current assets
The statement of financial position of Weatherly Unlimited (Pty) Ltd is presented below: Statement of Financial Position as at 28 February 2022 R Non - current assets 1 850 000 Property, plant and equipment 1.850 000 Current assets
The statement of financial position of Weatherly Unlimited (Pty) Ltd is presented below: Statement of Financial Position as at 28 February 2022 R Non - current assets 1 850 000 Property, plant and equipment 1.850 000 Current assets
The statement of financial position of Weatherly Unlimited (Pty) Ltd is presented below: Statement of Financial Position as at 28 February 2022 R Non - current assets 1 850 000 Property, plant and equipment 1.850 000 Current assets 1 250 000 Inventory 480 000 Trade receivables 350 000 Cash and cash equivalents 420 000 TOTAL ASSETS 3 100 000 EQUITY 1 850 000 Ordinary share capital 1 000 000 Distributable reserves 850 000 Non - current liabilities 650 000 Long-term loan 650 000 Current liabilities 600 000 Trade payables 545 000 Short-term portion of long-term loan 55 000 TOTAL LIABILITIES 1 250 000 TOTAL EQUITY AND LIABILITIES 3 100 000 Additional information: The company plans to increase its sales by 10% in the following year. Current annual sales total R2 500 000. After tax profit margin is 5% and half of the profits is retained within the company. All sales are currently made on credit and in future, sales will remain on credit. What is the additional working capital required to support the increased sales in the following year? 1. R49 500 2. R70 500 3 . R 22 250 4 . R64 075
Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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