Example: Balance Sheet (EUR, 000) ASSETS EQUITY + LIABILITIES 2020 2019 2020 2019 Long term assets 2000 1800 Equity 3000 2070 800 1000 Short term assets: 1000 900 Long term inventory Liabilities 1200 1400 Short term assets: 1000 800 Short term debtors Liabilities Short term assets: 1000 970 cash Total: 5000 4470 Total: 5000 4470 Examp Profit & Loss account (EUR, 000). No Name/ Year 2020 2019 1. Net sales 100000 2. Production costs (90000) 3. Gross profit 10000 4. Marketing expenses (3500) 5. Administrative expenses (5000) 6. Interest expenses (70) 7. Profit before taxes 1430 8. Taxes 1400 9. Net profit 30 No Ratios/Formulas 2020 2019 Results/ Conclusions 1. 2. 3. 4. 5. 6. 7