QUESTION $2$

Study the Balance Sheets given below showing the changes in the financial structure of a mango farm over the $2018$ to $2020$ period, and then answer the questions that follow.

A mango farm: Balance Sheets as of $28$ February $($all figures in Rand$)$

$\backslash$table$[[$Assets$,2018,2019,2020,$Liabilities,$2018,2019,2020],[,,,,,,,],[$Cash$,1000,1000,1000,$Bank O$/$D$,800000,900000,1150000],[$Debtors$,79000,100000,120000,$Creditors,$100000,120000,160000],[$Stock$,50000,40000,30000,$Loans,$10000,20000,20000],[$Livestock$,750000,770000,780000,$Mortgages,$650000,600000,500000],[$Machinery$,380000,410000,550000,$Net Worth,$1520000,1461000,1351000],[$Buildings$,320000,280000,200000,,,,],[$Land$,1500000,1500000,1500000,,,,],[,,,,,,,]]$

a$.$ Has the farm enjoyed a good growth record since $2018?$

b$.$ Which sources have been used to finance the increase in assets? Why has this become necessary?

c$.$ Is this farm capable of generating sufficient funds from operations to repay the mortgage loan?

d$.$ What could the owner of this farm do to improve the financial situation?

e$.$ Is the land figure an accurate reflection of the true value of this asset to the farm?