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This is the full question as it was given in the questionnaire.

40 MARKs) ESSAY-TYPE QUESTIONS SECTION B This section conssts of two questions. Both questions are compulsory QUESTION 1 [25 marks Arehone Supermarkets Ltd is trying to plan for the next financial year (1 Apnl 2018 31 March 2019) The following are financial statements of the company for the period ended 31 March 2018 Statement of the financial position for Arehone Supermarkets Ltd as at 31 March 2018 Amount (R Item Current assets 625 000 298 000 580 000 496 000 1 999 000 Cash Marketable secunties Accounts receivable Inventories Total current assets Net non-current assets Land and buildings Machinery and equipment Fixtures and furniture 625 000 765 000 110 000 1 500 000 30 000 1 470 000 3 469 000 Total gross non-current assets Less accumulated depreciation Net non-current assets Total assets Liabilities and owners' equity Current liabilities 267 000 135 000 288 000 690 000 1 200 000 1 890 000 Accounts payable Notes payable Accruals Total current liabilities Total Long-term debt Total Liabilities Shareholders' equit Preference shareholdn Ordinary share capital Paid-in-capital Retained earnings 79 000 750 000 601 000 149 000 1 579 000 3 469 000 Total shareholders' equit Total liabilities and shareholders' equity