QUESTION 2 Summary information from the financial statements of two companies competing in the same industry as follows: Statement of Financial Position as at 31 December 2018 Bimbi Company Bonni Company Assets RM RM Cash 18,500 33,000 Accounts receivable (net) 38,400 58,400 Notes receivable 10,100 8,200 Inventories 83,440 131,500 Prepaid expenses 5,000 6,950 Property, Plant and Equipment (net) 290,000 304,400 Total assets 445,440 542,450 Liabilities and Equity Current liabilities 61,340 91,300 Long-term notes payable 80,800 103,000 Common stock, RM5 par 190,000 216,000 Retained earnings 113,300 132,150 Total liabilities and equity 445,440 542,450