1. Please complete the following balance sheet and income statement (from (a) to (p)). Please explain how you reached each item you filled in.

Balance Sheet (in thousand EUR)

Assets	2018	2019	Liabilities and shareholders equity	2018	2019
Current assets Cash Marketable securities Inventory Accounts receivable Total current assets	8 0 52 50 (b)	(a) 10 50 60 (c)	Current liabilities Bank loans Accounts payable Total current liabilities	10 40 (h)	0 54 (i)
Fixed assets Gross investment Less depreciation Net fixed assets	112 32 (d)	140 40 (e)	Long-term debt Net worth (equity and retained earnings)	10 130	24 (j)
Total Assets	(f)	(g)	Total liabilities and owners equity	(k)	(l)

Income Statement (2019, in thousand EUR)

Sales Operating costs Depreciation

700 642 8

EBIT Interest Pre-tax income Tax (50%) Net Income

(m) 2 (n) (o) (p)

Note: Dividend = 2