Question 1

(a) Answer the following questions using the data in Table Q1(a):

Liabilities Assets Bank C/C $ 280 Cash $ 200 Capital $ 300 Goodwill $ 150 Provisions $ 130 Inventories $ 250 Reserves $ 120 Net fixed assets $ 600 Term loan $ 450 Receivables $ 200 Trade creditors $ 120 $1.400 $1,400 Table Q1(a)