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[30] QUESTION THREE Recent financial statement for Kupers Enterprises is given below. KUPERS ENTERPRISES 2016...

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[30] QUESTION THREE Recent financial statement for Kupers Enterprises is given below. KUPERS ENTERPRISES 2016 Income statement 33 500 18 970 Sales Cost of goods sold Gross profit Selling and administration expenses Depreciation PBIT Interest paid Net profit before tax Taxes 1 980 12 550 486 12 064 4 222 7 842 Net profit after 4 000 Dividends Addition to retained profit 3 842 KUPERS ENTERPRISES Statement of financial position ending December, 31 2015 and 2016 2015 2016 Assets Non-current assets Net plant & equipment 15 164 19 167 Current assets Inventory Accounts receivable Cash 4 608 2 405 815 7 828 22 992 4 906 2 510 906 8 322 27 489 Total assets Equity and Liabilities Owners' equity Share capital Retained profit 10 000 6 367 16 367 10 000 10 209 20 209 Total equity Non-current liabilities 2

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