Calculate NON-CURRENT LIABILITIES Cash 25,450Accounts Receivable 25,500Inventory 85,000Prepaid Expenses 4,950Motor vehicle 68,000Equipment 155,000Accounts Payable 35,000Unearned Revenue 8,000Wages Payable 15,000Bank Loan 50,000Share Capital 235,000Retained Earnings 10,000Dividends -5,000Revenue 53,650Cost of Sales -12,450Wages Expense -15,000Interest expense -2,500Marketing expense -2,800Insurance expense -5,000

Cash 25,450Accounts Receivable 25,500Inventory 85,000Prepaid Expenses 4,950Motor vehicle 68,000Equipment 155,000Accounts Payable 35,000Unearned Revenue 8,000Wages Payable 15,000Bank Loan 50,000Share Capital 235,000Retained Earnings 10,000Dividends -5,000Revenue 53,650Cost of Sales -12,450Wages Expense -15,000Interest expense -2,500Marketing expense -2,800Insurance expense -5,000Calculate NET PROFIT

You've been provided with the following Trial BalanceCalculate TOTAL ASSETSCash 25,450Accounts Receivable 25,500Inventory 85,000Prepaid Expenses 4,950Motor vehicle 68,000Equipment 155,000Accounts Payable 35,000Unearned Revenue 8,000Wages Payable 15,000Bank Loan 50,000Share Capital 235,000Retained Earnings 10,000Dividends -5,000Revenue 53,650Cost of Sales -12,450Wages Expense -15,000Interest expense -2,500Marketing expense -2,800Insurance expense -5,000

You've been provided with the following Trial Balance. Calculate Gross Profit. Enter your answer as just numbers only - no dollar signs, commas or spaces.Cash 27,300Accounts Receivable 15,000Inventory 26,505Prepaid Expenses 5,420Motor vehicle 54,100Equipment 125,000Accounts Payable 27,000Unearned Revenue 5,600Wages Payable 8,000Bank Loan 50,000Share Capital 88,450Retained Earnings 24,275Dividends -2,000Revenue 81,000Cost of Sales -16,000Wages Expense -8,000Interest expense -250Marketing expense -2,800Insurance expense -1,950Calculate GROSS PROFIT

RLand and buildings   2 904 000Debtors control        264 656Creditors control      601 880Mortgage loan          1 000 000Inventories   437 540Vehicles at carrying amount1 645 076Cash 215 636Accrued expenses   24 980Equipment at carrying amount        363 364Investment in a fixed deposit           562 984Income received in advance9 140Prepaid expenses    8 000  What is the total amount for current liabilities?Select one:a.R601 880b.R644 000c.R619 020d.R636 000

Using the financial statements below, calculate the current ratio for the current year. Please calculate to 2 decimal places.Profit and loss statement Current year Prior yearRevenue 14,800 18,500Less Cost of sales 6,000 7,500Gross profit 8,800 11,000Less expenses Wages Expense 5,500 6,500Interest Expense 2,200 2,000Depreciation Expense 1,000 1,200Advertising Expense 900 800Net profit (800) 500BALANCE SHEET Current year Prior yearCurrent assets Cash 14,250 16,700Accounts Receivable 14,000 3,500Inventory 6,000 2,500Prepaid Expenses 650 1,500Non-current assetsProperty Plant Equipment 192,500 193,500Land 210,000 210,000Total assets 437,400 427,700Current liabilitiesAccounts Payable 11,700 4,200Unearned Revenue 3,500 2,000Wages Payable 3,500 2,500Non-current liabilitiesBank Loan 118,000 122,500Total liabilities 136,700 131,200NET ASSETS 300,700 296,500Equity Share Capital 255,000 250,000Retained Earnings 45,700 46,500TOTAL EQUITY 300,700 296,500