Mr Dean Simuchimba

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Extracts from the recent financial statements of Bold Co are given below. $000
Turnover 21,300
Cost of sales 16,400
–––––––
Gross profit 4,900
–––––––
$000 $000
Non-current assets 3,000 Current assets
Inventory 4,500
Trade receivables 3,500 –––––– 8,000

––––––– Total assets 11,000 –––––––

Current liabilities
Trade payables 3,000 Overdraft 3,000 –––––– 6,000 Equity

Ordinary shares 1,000
Reserves 1,000 –––––– 2,000 Non-current liabilities

Bonds 3,000...
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