1. Do ratios computation on the following: a. Profitability b. Liquidity c. Efficiency 2. Analyse and compare the performance and position of company. 3. Briefly explain the reason in (b) above based on the additional information given. (14 marks) (14 marks) (12 marks) Statement of Income for the year ended 31 December 2019 AA Berhad BB Berhad RM RM RM RM Sales - Cash - Credit 300,200 800,750 1,100,950 428,200 127,500 555,700 Cost of Goods Sold Opening stock Purchases (-) Closing stock Add: Other revenue 85,200 400,400 (129,500) 44,700 194,500 (67,200) (356,100) (172,000) 34,800 5,100 (470,000) (290,500) Less: Expenses Net profit 309,650 98,300 Statement of Financial Position as at 31 December 2019 AA Berhad BB Berhad RM RM RM RM Non-Current Assets 714,350 295,800 Current Assets Bank balance - MB Berhad 45,000 28,000 Bank balance - ZZ Berhad 28,000 8,300 Receivables account 375,000 54,800 Closing stock 129,500 67,200 Prepaid electricity 4,300 581,800 1,900 160,200 1,296,150 456,000 2 Financed by: 300,000 500,000 200,000 309,650 1,009,650 98,300 398,300 Owner Equity: Ordinary shares @ RM1 Preference shares @ RM2 Add: Net profit Non-current Liabilities Current liabilities Payables account Accrued salary 265,000 21,500 44,400 13,300 286,500 1,296,150 57,700 456,000 Financed by: 300,000 Owner Equity: Ordinary shares @ RM1 Preference shares @ RM2 Add: Net profit Non-current Liabilities 500,000 200,000 309,650 1,009,650 98,300 398,300 Current liabilities Payables account Accrued salary 265,000 21,500 44,400 13,300 286,500 1,296,150 57,700 456,000 Additional information: 1. The nature of businesses are manufactured textiles and supplied the products to local and international market. 2. The establishment of AA Berhad and BB Berhad on 1 April 2008 and 18 November 2009 respectively. 3. One of the director of AA Berhad has a politic connection in Pahang state. 4. BB Berhad has plan to open one branch in China mainland because the labour cost is affordable. 5. AA Berhad proposed to declare the annual dividend at 20% to the ordinary shareholders