James' Jeans was established in 2014 by James, a fashion designer who decided to form the business after receiving multiple requests for jeans he had designed and tailored himself After a few difficult years, the business is now growing rapidly. James' Jeans Balance sheet 2017 2016 Assets Cash at bank $289,000 $61.175 Inventory $163,000 $155.365 Property, plant and equipment $118.177 $103.550 Furniture & fitout $52.000 $46,000 Other $6,895 $0 Trade debtors $263,000 $196,850 Total assets $892,072 $562.940 Based on the figures shown, does James' Jeans have enough cash in the bank to pay its current bills with suppliers? Liabilities Trade creditors Bank loan Employee entitlements Other liabilities Total liabilities NET ASSETS (NET WORTH) $145,000 $295,400 $67.530 $89,000 $34,555 $67.900 $18,700 $29.550 $265.785 $481.850 $626,287 $81.090 Equity Retained earnings Share capital Total equity $586,287 $40,000 $626,287 $41.090 $40.000 $81,090 No Yes