You have been supplied with an extract of a trial balance for Mega Ltd. The trial balance total is correct, however there are several errors in the extract. You are required to correct the errors and produce a new balance.

Account	Debit m	Credit m
Bank Overdraft	3.0
Cash		0.5
Dividends Payable	2.0
Finished Goods		5.0
Fixtures and Fittings	18.0
Land and Buildings	35.0
Long Term Loan		10.0
Motor Vehicles		5.0
Prepayment		1.0
Ordinary Share Capital		50.0
Plant and Machinery	8.0
Raw Materials		2.5
Retained Profits	13.0
Taxation Payable		4.0
Accounts Payable	8.0
Accounts Receivable		12.0
Work In Progress	3.0
	90.0	90.0

b.

Using Mega Ltd s corrected trial balance to answer the following questions:

1. What is the value of non-current assets?
2. What is the company's gearing percentage?
3. What is the companys working capital?
4. What is the companys current ratio?
5. What is the company's acid test ratio?
6. What is the companys capital employed?
7. What is the value of the shareholders funds?