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2.2 The following is an extract from the statement of comprehensive income and the balance sheet for TP Traders (Pty) Ltd for the financial

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2.2 The following is an extract from the statement of comprehensive income and the balance sheet for TP Traders (Pty) Ltd for the financial years ending 30 June 2018 and 2019. 2019 2018 Net profit/loss before interest 240 500 254 600 Less: interest paid 34 560 43 740 Non-Current Assets 2 090 000 2 160 000 Current Assets Inventory Debtors 410 000 405 000 430 000 490 000 Deposits 5 000 41 000 5 000 39 700 Bank (dr) TOTAL ASSETS 2 976 000 3 099 700 2.2.1 Determine the profitability of the enterprise for the 2018 and 2019 years. 12) 2.2.2 financial years Compare the outcomes for the 2018 and 2019 (2) (

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