2. Given the following statement of Financial Position XYZ Company Calculate and briefly discuss the financial position of the company based on each financial ration. XYZ Company Statement of Financial Position as at 31 December: Assets 2018 2017 Non-current assets 814 300 783 000 Current assets: 637 900 606 600 Inventories 231 200 203 000 Accounts receivable 289 100 277 800 Cash and cash equivalents 117 600 125 800 Total assets 1 452 200 1 389 600 Equity and liabilities Equity 653 100 628 900 Ordinary share capital (600 000 shares) 600 000 600 000 Retained earnings 53 100 28 900 Non-current liabilities 323 700 378 800 Current liabilities 475 400 381 900 Accounts payable 108 100 100 800 Other current liabilities 367 300 281 100 Total Equity and liabilities 1 452 200 1 389 600