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You receive the following balance sheet for your annual efforts. What concerns might you have about the company in terms of marketing? BALANCE SHEET AS
You receive the following balance sheet for your annual efforts. What concerns might you have about the company in terms of marketing?
BALANCE SHEET AS AT DECEMBER 31, 2015 ASSETS (8) NON-CURRENT ASSETS Fixed Assets Land Building Furniture Equipment Vehicles Total fixed assets 60,000 25,000 10,000 5,500 20.000 120,500 Other Non-current Assets Investments Capital work-in-progress Total other non-current assets 6,000 9,500 15,500 CURRENT ASSETS Stocks in trade Loose tools & others Account receivables Advances & prepayments Cash & bank balances Total current assets 1,540 950 12,000 3,500 10,500 28,490 TOTAL ASSETS 164,490 EQUITY & LIABILITIES CURRENT ASSETS Stocks in trade Loose tools & others Account receivables Advances & prepayments Cash & bank balances Total current assets 1,540 950 12,000 3,500 10,500 28,490 TOTAL ASSETS 164,490 EQUITY & LIABILITIES EQUITY Capital Retained earnings Total Equities 85,000 25,450 110,450 30,000 LONG TERM LIABILITIES Bank borrowings CURRENT LIABILITIES Account payables Notes payables Accrued & other liabilities Total current liabilities 15,500 1,050 7,490 24,040 TOTAL EQUITIES & LIABILITIES 164,490
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