2.19 LO6 Provide a report based on your evaluation of the following three statements of financial position in terms of:

(a) liquidity

(b) solvency

(c) asset mix.

A $’000 B $’000 C $’000 Current assets 500 300 700 Non-current assets 500 700 300 Total assets 1,000 1,000 1,000 Current liabilities 300 100 100 Non-current liabilities 200 200 600 Total liabilities 500 300 700 Owners’ contributions 400 100 200 Reserves 100 600 100 Total owners’ equity 500 700 300