6.5 Comprehensive financial ratio analysis Financial statements for Wertenbroch Company, a distributor of kitchenware, are presented below (all amounts in thousands of euro). Statements of financial position 2012 2011 Assets Land 260 260 Buildings and equipment (net) 360 350 Prepaid expenses 58 46 Inventories 250 270 Receivables (net) 196 160 Short-term investments 104 80 Cash 140 130 1,368 1,296 Equities and liabilities Share capital 400 400 Retained earnings 272 232 Long-term debt 300 300 Short-term debt 200 200 Accounts payable 96 84 Accrued liabilities 100 80 1.368 1.296 Income statements Revenues 2012 2011 1,700 1,580 Cost of goods sold 1,240 1,150 Gross profit 460 430