Question Three What is the difference between owners capital and capital employed? Give four example each of non-current asset and current asset Use the following to answer questions 1-8 The following balances were extracted from the books of a Hill-Top Timbers, Sun City, after the Financial statements for the year ended 30th June 2020 had been prepared: $ Motor van (net) 400,000 Plant and Machinery (net) 800,000 Inventory 430,000 Account receivables 340,000 Cash 170,000 Fixtures and Fittings 900,000 Net profit 400,000 Drawings 100,000 Account payables 380,000 Accrued rent 20,000 Telephone prepaid 40,000 Loan (repayment in six months) 50,000 Loan (Repayment in Three years) 70,000

1 What is the value of tangible non-current assets? 2 What is the value of current assets? 3 What is the value of net current asset? 4 What is the value of current liabilities? 5 What is the value on non-current liabilities 6 What is the value of working capital 7 What is the value of Capital Employed 8 What is the value of Capital of the owner?