15) Debab Sdn Bhd has an operating cash flow of RM6,267 and depreciation of RM1,522. Current assets decreased by RM1,432 while current liabilities decreased by RM 2,456, and net fixed assets decreased by RM 354 during the year. What is free cash flow for the year?

A) RM 3,545

B) RM 4,056

C) RM 4,075

D) RM 5,100

20) Momo Enterprise has inventory of RM38,406, accounts receivable of RM50,115, net working capital of RM4,520, and accounts payable of RM38,550. What is the quick ratio?

A) 0.34

B) 0.56

C) 0.42

D) 1.21

24) Adam's Bakery has net working capital of RM3,500, net fixed assets of RM34,407, sales of RM45,350, and current liabilities of RM2,508. How many ringgits' worth of sales are generated from every RM1 in total assets?

A) RM 1.08

B) RM 1.14

C) RM 1.19

D) RM 1.12

26) Sarah Enterprise has a debt-equity ratio of 32 percent, sales of RM750,550, net income of RM25,300, and total debt of RM240,300. What is the return on equity?

A) 3.37 percent

B) 4.01 percent

C) 3.51 percent

D) 3.89 percent

27) Ariff Sdn Bhd has net income of RM85,000, a price-earnings ratio of 15.5, and earnings per share of RM 0.55. How many shares of stock are outstanding?

A) 160,800

B) 156,900

C) 154,545

D) 143,000

32) Azwan's enterprise expects sales of RM800,520 next year. The profit margin is 3.55 percent and the firm have a dividend payout ratio of 15 percent. What is the projected increase in retained earnings?

A) RM17,500.50

B) RM 4,640.25

C) RM 24,155.69

D) RM 26,294.75

33) Afrina & Sisters' Corporation currently has RM300,900 in sales and is operating at 92 percent of the firm's capacity. The dividend payout ratio is 40 percent and cost of goods sold is RM211,300. What is the full capacity level of sales?

A) RM245,697.67

B) RM208,534.88

C) RM327,065.21

D) RM 211,300.00

34) Kangar's Market is operating at full capacity with a sales level of RM547,200 and fixed assets of RM324,550. The profit margin is 5.4 percent. What is the required addition to fixed assets if sales are to increase by 6 percent?

A) RM10,709

B) RM14,680

C) RM19,473

D) RM12,760

35) Noraini Corporation has sales of RM 21,700, net income of RM 4,517, fixed assets of RM 15,282, current liabilities of RM 2,545, current assets of RM 2,301, long-term debt of RM 6,600, and equity of RM 23,760. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. Next year's sales are projected to increase by 10 percent. What is the amount of external financing needed if the firm is currently operating at full capacity?

A) - RM 18,350.56

B) - RM 16,550.99

C) - RM 17,334.35

D) RM 10,565.92

37) Zafri Enterprise has a return on assets of 15 percent and a dividend payout ratio of 55 percent. What is the internal growth rate?

A) 13.52%

B) 10.45%

C) 17.65%

D) 18.67%

38) Suppose the first comic book of a classic series was sold in 1954. In 2017, the estimated price for this comic book was RM 215,000, which is an annual return of 25 percent. For this to be true, what was the original price of the comic book in 1954?

A) RM 1.00

B) RM 0.97

C) RM 0.33

D) RM 0.17

39) Sixty years ago, your parents invested RM 4,500. Today, that investment is worth RM 630,100.15. What is the average annual rate of return she earned on this investment?

A) 7.23%

B) 6.59%

C) 8.59%

D) 9.43%

40) Today, Mohammad earn a salary of RM 45,600. What will be his annual salary ten years from now if he receives annual raises of 3.5 percent?

A) RM 58,536.36

B) RM 67,414.06

C) RM 64,323.30

D) RM 37,122.08