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2. The summarized version of the Income Statement for the year ended 31st December 2019 and the Statement of Financial Position as at 31st December
2. The summarized version of the Income Statement for the year ended 31st December 2019 and the Statement of Financial Position as at 31st December 2019 for Perniagaan Salamah Sdn Bhd are as follows: Income Statement Item Net sales (all on credit terms) Costs of goods sold Gross profit Operating expenses Operating income Interest expense Profit before tax Corporate tax Profit after tax RM('000) 16,800 (6,930) 9,870 (6,000) 3,870 (740) 3,130 (876) 2,254 Fixed assets Statement of Financial Position RM('000) 9,000 Owner's equity Long term borrowings RM('000) 10,140 3,600 3,000 Trade creditors 2,310 Stocks Trade debtors Cash 5,000 1,150 18,150 Other creditors Short term borrowings 1,500 600 18,150 Calculate the following financial ratios: a) b) Gross profit margin Operating profit margin Net profit margin Current ratio Acid test ratio Stock turnover ratio Stock turnover days f) g) h) i) j) 1) Debtors turnover ratio Debtors turnover days Creditor turnover ratio Creditor turnover days Debt ratio Interest cover ratio Earnings per share (Assuming the number of shares is 5,000,000 units) Return on capital employed Return on assets Return on equity p) q)
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