Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

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)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Asia Bond Monitor September 2017

Authors: Asian Development Bank

1st Edition

9292579452,9292579460

More Books

Students also viewed these Finance questions

Question

8. What is the difference between JIT and MRP?

Answered: 1 week ago