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You have been provided with the following information for City Projects Ltd: Statement of Comprehensive Income for the year ended 31 March 2021 Revenue

You have been provided with the following information for City Projects Ltd: Statement of Comprehensive Income for the year ended 31 March 2021 Revenue (all credit) Gross profit Operating profit Interest expense Profit before tax R 610 000 390 000 170 000 17 000 153 000 Net profit after tax 110 000 Statement of Financial Position as at 31 March 2021 Assets Non-current assets Current assets Inventory R R 700 000 340 000 70 000

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