Comparative financial statements are provided for Bletchington Software Pty Ltd. Bletchington Software Ltd Extract from Income...

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Comparative financial statements are provided for Bletchington Software Pty Ltd. Bletchington Software Ltd Extract from Income Statement Sales Revenue Cost of Sales Gross Profit Expenses Profit/(Loss) Bletchington Software Ltd Extract from Balance Sheet Assets Current assets Non-current assets Total assets Liabilities Current liabilities Non-current liabilities Total liabilities Equity Total liabilities and equity 2022 ($) 2021 ($) 658,000 603,000 (313,000). (509,000). 345,000 94,000 (234,000) (151,000) 111,000 (57,000) 2022 ($) 262,000 525,000 787,000 142,000 289,000 2021 ($) 186,000 458,000 644,000 126,000 398,000 431,000 524,000 356,000 120,000 787,000 644,000 Additional information Current assets in 2022 included $83,000 inventory ($91,000 in 2021). Current assets in 2022 included $114,000 accounts receivable ($85,000 in 2021). Comparative financial statements are provided for Bletchington Software Pty Ltd. Bletchington Software Ltd Extract from Income Statement Sales Revenue Cost of Sales Gross Profit Expenses Profit/(Loss) Bletchington Software Ltd Extract from Balance Sheet Assets Current assets Non-current assets Total assets Liabilities Current liabilities Non-current liabilities Total liabilities Equity Total liabilities and equity 2022 ($) 2021 ($) 658,000 603,000 (313,000). (509,000). 345,000 94,000 (234,000) (151,000) 111,000 (57,000) 2022 ($) 262,000 525,000 787,000 142,000 289,000 2021 ($) 186,000 458,000 644,000 126,000 398,000 431,000 524,000 356,000 120,000 787,000 644,000 Additional information Current assets in 2022 included $83,000 inventory ($91,000 in 2021). Current assets in 2022 included $114,000 accounts receivable ($85,000 in 2021).

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SOLUTIONS Based on the information provided here are some key financial ratios for Bletchington Soft... View the full answer