Question 2 Textile PLC has prepared the following Balance Sheet at the end of 2017. Premises Equipment Accounts receivable Inventories Cash Other fixed assets Balance sheet as at 31-12-2017 (x 1,000) 800 Share capital 70 Provisions 60 Accounts payable 67 Mortgage 92 Subordinated debt 46 Reserves Bond loan 1,135 250 314 271 89 58 91 62 1,135 a. What is a subordinated debt? b. What is a provision? C. Give an example of a liability that is not on this balance sheet. d. Calculate the total long term debt at 31-12 e. Calculate the debt ratio at 31-12-2017 (round off to two decimals) f. Explain what will happen to the solvency if the company would repay the bond loan (with the cash) in this example. g. Calculate the net working capital at 31-12-2017