Figure 7.12 presents, in summarized form, the financial statements of Non Co. for the years 20X1 and 20x2. 76 Exercises Figure 7.12 Financial statements for Non Co. For 20X1 and 20x2 balance sheet 20X1 balance sheet (E000) Machinery - cost (000) - depreciation 10 Building -cost - depreciation 50 Investment at cost Land Inventory Receivables Bank 79 80 63 65 50 50 40 343 237 40 12 Ordinary shares of 1 each Share premium Revaluation reserve Retained earnings Debenture loan, 10% pa. Trade payables Other payables and accruals Bank 50 14 20 25 150 60 20 25 100 20 237 343 20X2 Income statement 20X1 ncome statement 200 120 200 100 100 Sales Cost of goods sold Gross profit Expenses, including tax Earnings 60 20 40 Six months after each of the two year ends, a dividend of 20,000is paid in relation to the results of that year. compa table of ratios calculated for both years, showing your calculations, and evidence permits. and direction of Non Co. as far as the available on the position, progress 153