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(Information extracted from their Balance Sheet) Total Assets R50 million Total Liabilities R 40 million (Information extracted from the Income Statement) Bank account R25 million

(Information extracted from their Balance Sheet) Total Assets R50 million Total Liabilities R 40 million

(Information extracted from the Income Statement) Bank account R25 million Rental R5 million (per annum) Utilities (fibre, telephone, water and electricity, security) R1 million Salaries -R15 million

calculate the financial position of the company?

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