ABC PLC Consolidated Balance Sheet On December 31, 2019
Working capital
Non-current assets
Intangible assets	2,167
Tangible assets	7,937
Investments	74
	10,178
Current Assets
Inventory	3,739
Account receivable	6,242
cash	1,756
	11,737
Current liabilities
Account payable: Amounts due within one year	(5,023)
Net current assets	6,714
Total assets minus current liabilities	1,689.2
Account payable: Amounts due after more than one year	(4,884)
Provision for liabilities and fees	(4,235)
Net assets	7,773
Capital and reserves	-
Capital required	-
common stocks	387
Convertible preferred stocks	3,372
Transferable and redeemable preferred stocks	-
	3,759
Issuing premium account	928
capital redemption reserve	4,619
The shares of the company	(6.4)
Profit and Loss Account	(1,802)
Shareholders' equity
Equity	4,068
Rights of non-shareholders partners	3,372
	7,440
The company's portion in other companies	333
	7,773

Required:

1. Review ABC PLC balance sheet and identify how the format of this financial statement provides useful information.

2. Identify at least three differences in balance sheet reporting between British and U.S. firms, as shown in ABC PLC balance sheet.

3. Calculate at least three financial ratios using the information provided above for the balance sheet.