O-LevelCommerceFinanceOct/Nov 2025Paper 2 Q318 Marks
Fig. 3.1 shows the statement of financial position (balance sheet) for Sam's Garage. The garage sells petrol and second-hand cars and provides after-sales services. Sam uses leaflets to advertise the business. STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) FOR SAM'S GARAGE AS AT 31 AUGUST 2024 | | $ | $ |---|---|---| | **Assets** | | | | Fixed assets | | 45000 | | Current assets: | | | | Inventory | 8750 | | | Debtors | 15450 | | | Cash | 4600 | | | Total current assets | (x) ......... | | | **Liabilities** | | | | Current liabilities | 6800 | | | Net current assets (working capital) | | (y) ......... | | Total net assets employed | (z) ......... | | | Long-term liabilities | 4000 | | | Capital employed | | 112000 | Fig. 3.1 Use Fig. 3.1 to help you answer the following questions.
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