which they may achieve this. b) Contrast the use of HP finance and leasing as a means of acquiring a fleet of vehi 6) The following are the assets and liabilities of YQZ Ltd as at 31 August 20 000 Land and buildings 720 Bank overdraft 110 Accounts payable (creditors) 200 Goodwill 100 Accounts receivable (debtors) 300 Vehicles (net) 260 Ordinary share capital 600 Preference share capital 200 Share premium 120 Tax owing 110 Dividends owing 100 Equipment (net) 500 Inventory (closing stock) 220 Profit and loss account balance 310 Long-term loans 350 The following information has also been gathered: Credit sales 3,600 Opening stock (inventory) 250 Purchases 1,340 TASKS a) Prepare the balance sheet of YQZ Ltd as at 31 August 2015. b) Calculate the following ratios: I Current Ii Acid test ili The debtor collection period in days iv The rate of stock turnover a) Comment briefly on the financial position of YQZ Ltd as at 31 Explain the purposes of financial ratios/performance indicators. - Write short notes on a) venture capital