only Typed answer

ASSETS FIXED ASSETS: Property Vehicles Equipment Intangible assets CURRENT ASSETS: Stocks (inventories) Debtors (accounts receivable) Cash and cash equivalents CURRENT LIABILITIES Creditors (accounts payable) Short-term loans Net current assets NET ASSETS Long-term liabilities: Long-term loans SHAREHOLDERS' EQUITY Share capital Retained earnings Capital employed 2013 2013 2014 2014 (5m) (5m) (5m) (5m) 22 25 3 6 12 22 15 25 3 12 2 B 16 6 22 13 A E 12 F U 3 15 S 1 4 J 26 31 18 H L M 49 N QUESTIONS: 28 MARKS, 50 MINUTES 1. Define the following terms: i. ii. Debtors/accounts receivable Stocks/inventories Current assets iii. iv. Long-term liabilities [8 marks] 2. Calculate the values of A-N in the balance sheet for In Front of the Q for 2013 and 2014: [14 marks] 3. Explain why it is important to stakeholders in In Front of the Q to be provided with two years of balance sheet values in the published accounts; make reference to some of the data in your answer. [6 marks]