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On January 2018, Al-Arabia company for equipment and systems maintenance started with an initial cash investment of 50000 pounds. The following data was on December

On January 2018, Al-Arabia company for equipment and systems maintenance started with an initial cash investment of 50000 pounds.

The following data was on December 31, 2018:

Cash at bank

46,000

Notes payable

82,000

Receivables

52,000

Payables

5,000

Revenue

80,000

Supplies expenses

10,000

Rent

12,000

Oil and gas expenses

6,000

Advertising expense

4,000

General expenses

3,000

Equipments

70,000

Wages and salaries expenses

14,000

Al-Arabia company for equipment and systems maintenance

Income statement

for the year ended December 31, 2018

Revenues

Account name

The amount

Expenses

Account name

Account name

Account name

Account name

Account name

Account name

Total expenses

Net profit

Change in equity statement

for the year ended December 31, 2018

Capital

Retained Earnings

Total

Capital

Net profit

The balance at Dec 31,2018

Statement of financial position

As at Dec 31,2018

Assets (Resources)

Current assets

The amount

Account name

The amount

Account name

The amount

Total current assets

The amount

Noncurrent assets

Account name

Total noncurrent assets

Total assets

Equation

Liabilities and Equity

Current liabilities

Account named

The amount

Account named

The amount

Non current liabilities

Account named

Total liabilities

Equation

Equity

Account named

The amount

Account named

The amount

Total equity

Equation

Total liabilities and equity

Equation

Q2:

A) Briefly talk about whether the company's operation was successful or failed, using the possible financial analysis indicators.

b) Discuss the decision to distribute the profits made by the company.

C)Find the expected capital payback period.

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