The following information relates to Samson Engineering as at $30$ June $2023$: R Profit for the year$180000$ Drawings$\mathrm{ 5}0000$ Property$920000$Long$-$term borrowings$\mathrm{ 5}10000$ Trade receivables$380000$ Plant and machinery $250000$ Trade payables$180000$Short$-$term borrowings$\mathrm{ 2}6000\mathrm{0 }$Fixtures and fittings$9000\mathrm{0 }$Inventories$\mathrm{ 4}20000$Equity at $1$ July $2022117500\mathrm{0 }$Cash$45000$ Motor vehicles$150000$

Required Calculate the following: 

The total non$-$current assets 

The total current assets 

The total assets

Answer rating: 100% (QA)

To calculate the required values we can sum up the relevant c... View the full answer