Q1: The following figures are drawn from the Statement of Financial Position of Secondmove: 20x2 SR000 3,000 20x3 SR000 1,450 80 155 Non-current assets (net) Current assets Inventories Receivables Cash Total assets Financing Trade payables Non-current liabilities Total liabilities 75 150 28 1,703 118 3,353 100 750 850 300 50 350 Required: a. Calculate equity (net assets) for Secondmove for the two years and interpret the results. (18% for calculation & 4% for interpretation) b. Calculate current ratio for Secondmove for the two years and interpret the results. 1 (24% for calculation & 4% for interpretation) C. Calculate debt to equity ratio for Secondmove for the two years and interpret the results. (24% for calculation & 4% for interpretation) d. Briefly describe any four assumptions in the conceptual framework for financial reporting. almal