Answer to Question #64573 in Other for serenamay

Question

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.

Answer 1

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