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1 [20 marks] The following financial statement information applies to Zimmerlink Ltd for the period ended 2022. Financial statements for Zimmerlink Ltd for 2022 (In

1 [20 marks] The following financial statement information applies to Zimmerlink Ltd for the period ended 2022. Financial statements for Zimmerlink Ltd for 2022 (In thousands of rands). Zimmerlink statement of financial position as at 31 December 2022 Assets Amounts R 000 Equity and liabilities Amounts R 000 Cash 10 000 Accounts payable 19 500 Accounts receivable 21 250 Credit line 5 000 Inventory 25 000 Current long-term debt 5 000 Current assets 56 250 Current liabilities 29 500 Gross fixed assets 80 000 Long-term debt 20 000 Less: Accumulated depreciation 20 000 Ordinary shares 20 000 Net fixed assets 60 000 Retained earnings 46 550 Total assets 116 250 Total equity and liabilities

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