Below is a list of the general ledger account totals from the trial balance at the end of 2020 for the business Name of Account DE CF Cash 2 15,000 7 0 2 ? 23,000 0 Inventory Accounts Receivable Prepaid Lease Property Plant & Equipment Accumulated Depreciation Suppliers Accounts Payable Tunes Payable Interest Only Bank Loan Contributed Capital Retained Earnings Credit Sales Cash Sales Cost of Goods Sold Wages Expense Lease Expense Uellities Expenses 50,000 10,000 12 1 170,000 30.000 38.000 27.000 8.000 5.000 Interest on Bank Loan 3.000 50.000 Dividendil Paid facept for the cost of goods sold and new taxes, assume that all expenses are paid for in cash. The business had new equipment purchases during 2020 of $5,000 and depreciation o all property, plant & equipment is calculated using the reduong balance method with an annual depreciation rate of 30% Ounciantenni Calculate the total inventary purchases for 2000 and the total cash amounts paid to suppliers marie! e total cash receipts from accounts recevable were $175,000, calculate the end of year balance for accounts receivable. 12 marles Based on all of the above information, construet an updated Statement of Financial Position for the business at the end at 2020. Note the business's final cash position will be a balancing Item assuming all of the other information has been promised correctly 15 mars Based on all of the above information, construct a Statement of Cashflows for 2020 and check that the balance sheet cash position is correct. 15 mars Question 2 a) Using the financial statements created in Question 1, calculate the following enties for the business 115 marts / 1.5 markach 10 Gross Profit Margin Net Profit margin Return on Assets Return on Equity M Current ratio vi Quick ratio vill NetCash Flow ratio Wild Debt ratio Below is a list of the general ledger account totals from the trial balance at the end of 2020 for the business Name of Account DE CF Cash 2 15,000 7 0 2 ? 23,000 0 Inventory Accounts Receivable Prepaid Lease Property Plant & Equipment Accumulated Depreciation Suppliers Accounts Payable Tunes Payable Interest Only Bank Loan Contributed Capital Retained Earnings Credit Sales Cash Sales Cost of Goods Sold Wages Expense Lease Expense Uellities Expenses 50,000 10,000 12 1 170,000 30.000 38.000 27.000 8.000 5.000 Interest on Bank Loan 3.000 50.000 Dividendil Paid facept for the cost of goods sold and new taxes, assume that all expenses are paid for in cash. The business had new equipment purchases during 2020 of $5,000 and depreciation o all property, plant & equipment is calculated using the reduong balance method with an annual depreciation rate of 30% Ounciantenni Calculate the total inventary purchases for 2000 and the total cash amounts paid to suppliers marie! e total cash receipts from accounts recevable were $175,000, calculate the end of year balance for accounts receivable. 12 marles Based on all of the above information, construet an updated Statement of Financial Position for the business at the end at 2020. Note the business's final cash position will be a balancing Item assuming all of the other information has been promised correctly 15 mars Based on all of the above information, construct a Statement of Cashflows for 2020 and check that the balance sheet cash position is correct. 15 mars Question 2 a) Using the financial statements created in Question 1, calculate the following enties for the business 115 marts / 1.5 markach 10 Gross Profit Margin Net Profit margin Return on Assets Return on Equity M Current ratio vi Quick ratio vill NetCash Flow ratio Wild Debt ratio