Answer to Question #64573 in Other Other for serenamay

Question #64573
Reliable Engineering Pty Ltd Statement of Financial Position as at the 30th June 2016 2015 Current Assets Cash $30,000 $20,000 Accounts receivable (net *) 18,000 20,000 Inventories 12,000 16,000 Total Current Assets 60,000 56,000 Non-Current Assets Property, plant & equipment 130,000 170,000 Other assets 40,000 32,000 Total non-current assets 170,000 202,000 Total Assets $230,000 $258,000 Current Liabilities Accounts payable 15,000 25,000 Total current liabilities 15,000 25,000 Non-current liabilities Loan (due 2015) 50,000 50,000 Total non-current liabilities 50,000 50,000 Total Liabilities 65,000 75,000 Equity Share capital 165,000 183,000 Total Liabilities & Equity $230,000 $258,000 Required: Based on your analysis, write a short (approximately 400 words) report on the financial performance and position of Reliable Engineering Pty Ltd.
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