QUESTION 6: (FORECASTING) The strategy for the next financial year has been completed and the following targets have been accepted

Estimated Sales	R15,600,000
Mark-up on cost	30%
Estimated cash	R526,000
Non-current assets turnover	2.50 times
Estimated inventory days	55 Days
Estimated debtors days outstanding	45 Days
Financial Structure target is as follows: Equity: Non-current liabilities: Current liabilities	47% 325 21%

Required: Management asked you to draft the budgeted Statement of Financial Position for the next financial year based on the targets accepted.