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4. You are given summarized information about two firms in the same line of business.A and B as follows.(20 scores) Statements of financial position A
4. You are given summarized information about two firms in the same line of business.A and B as follows.(20 scores) Statements of financial position A frim B frim 11 30 June million millian million million Land 80 260 Buildings 1201 2110 Tess Depreciation 80 200 Plant 90 150 Les Depreciation (70) 20 110 180 570 inventory 80 100 Accounts receivable 100 bank 180 10 200 360 770 Accounts payable TIC 120 Bank Loan 1.50 250 (260) (250) 100 520 Capital al start of year 100 300 Add profit for year 100 130 400 Less: Drawings (30) (40) I Land evaluation 1600 100 $20 Sales 1000 3000 Cast of sales 400 2000 Required: write a report briefly outing the strengths and weadnesses of the two business
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