Question 2 You have been provided with the following summary financial extracts from the Financial Statements of Crosbie Limited for two years. Crosbie Limited owns a number of pubs and restaurants in the pub chain business. Please note that the Statements are before the pandemic years of 2020 and 2021. 2019 2019 2018 2018 '000 '000 '000 '000 Non-Current Assets 3,210 3,210 2,600 2,600 Current Assets Closing Inventory 1,850 930 Debtors 1,230 820 Bank 10 20 3,090 1,770 Total Assets 6,300 4,370 Equity & Liabilities Capital & Reserves Ord. Shares (1 per share) 1,800 1,000 Share Premium 400 -0- Reserves 3,260 2,810 Non-Current Liabilities -0- -0- 5,460 3,810 Current Liabilities Creditors Total Equity and Liabilities 840 6,300 560 4,370 The following is an abstract of the Income Statements for Crosbie Limited for the above financial years. 2019 2019 2018 2018 '000 '000 '000 '000 6,850 4,940 Sales Revenue Cost of Sales Opening Stock 930 630 Purchases 5,470 3,320 Less: Closing Stock (1,850) (930) 4,550 3,020 Gross Profit Expenses 2,300 1,920 1,850 1,460 Net Profit 450 460 Page 3 of 8