Finance for Managers: Class 9 exercise Question One: Mabel plc is a UK based company which sells pet products, many of which are imported from Vietnam. Below are extracts from the financial statements for the most recent two years: Statement of Financial Position for Mabel PLC as at 31 December 2022 2023 m m Non-current assets Property, plant and equipment 390 460 Current assets: Inventory 63 97 Receivables 104 160 Cash & Bank 31 6 Total current assets 198 263 Total assets 588 723 Capital & Reserves: Share capital 300 300 Accumulated profits 183 193 483 493 Non-current liabilities Bank loan 0 90 Current liabilities: Payables 63 74 Other payables and accruals 16 22 Taxation 27 4 Bank overdraft 0 39 Total current liabilities 105 140 Total Capital & Liabilities 588 723 Additional Notes: 1. The share capital is made up of 0.50 ordinary shares. 2. The market value of the shares at the end of the reporting period was 2.25 in 2022 and 0.61 in 2023. 3. Total dividends paid were 45.5625m in 2022 and 4.365m in 2023. 4. All sales and purchases are made on credit. 5. The business invested substantially in improved logistics and distribution during 2023