2 (27 Marks) You are being appointed as the financial manager of Energy-X Bhd. Your first task is to assess the efficiency and the leverage situation of the firm and how it affects the profitability of the firm. The financial records of the past two years had been compiled for the analysis as given below: Energy-X Balance Sheet (RM millions) as at December 31, 2019 and 2020 Normal He Sty Pi D H 2019 2020 H Assets Cash 9 11 H Accounts receivable 107 139 Inventory 198 291 H Net fixed assets 550 625 Total Assets 864 1066 I N Liabilities & Equities Accounts payable 88 101 N Long-term debt 353 488 Common equity 423 477 P Total liabilities and equity 864 1066 Energy-X Income Statement (RM million) as at December 31, 2019 and 2020 2019 2020 Page Num: 4 Page: 4/5 Section: 1/1 SetValue: 18.6cm Row: 33 Column: 23 Words: 1141 Spell Check Type here to search || Links || OV Sho