AG reported the following information for the financial years 20x2 and 20x1

X Answer to Exercise I c) (3) Exercise 2 (25 Points) B AG reported the following information for the financial years 20X2 and 20X1: Statement of financial position as at 31 December in 1000 E 20X2 20X1 Non-current assets Tangible Land and buidlings 4392 3294 Plant and machinery 1560 582 Motorvehicles 420 186 6372 4062 Current assets Inventory 1512 990 Trade receivables 792 396 Government sercurities 120 0 Bank 0 66 2424 1452 Total assets 8796 5514 Currentliabilities Trade payables 798 560 Taxation 360 150 Proposed dividend 216 120 Bank overdraft 552 1926 930 Non-curret liabilities 9% loan payable 1296 1050 1296 1050 Total liabilities 3222 1980 Equity Capital and reserves Ordinary share capital 2700 2400 Share premium 360 210 Revaluation reserve 1080 General reserve 300 150 Retained earnings 1134 774 Total equity 5574 3534 Total liabilities and equity 8796 5514 Summarized statement of comprehensive income for the years ending 31 December in 1000 E 20X2 20X1 Operating profit 1437 645 Interest paid 156 90 Profit before taxes 281 565 Tax 447 195 Profit after taxes 834 360 Reply