Question
3. Gemini Textiles Bhd is a leading company in Malaysia for textile products. Excerpts from the company's annual report for the fiscal year ended
3. Gemini Textiles Bhd is a leading company in Malaysia for textile products. Excerpts from the company's annual report for the fiscal year ended December 31 2017 are as per the exhibit below. Gemini Textiles Bhd paid cash dividends of RM 0.45 per common share in the financial year 2017 and an average of 529,000 shares were outstanding during the year. Assume that Gemini Textiles has no stock options or convertible securities. The company's market price on December 31,2017 was RM 18.93 per share. Income statement for the year ended December 2017 (000) Net sales Cost of sales Gross profit Operating expenses Operating income Interest expenses, net Income before income taxes Income taxes Net Income RM 14,549 9,275 5,274 3,836 1,438 69 1,369 536 833 Balance Sheet ('000) Dec 31, 2017 Dec 31,2016 Assets RM RM Cash & cash equivalents 1,885 1,561 Inventories 1,615 1,620 Other current assets 809 745 Total current assets 4,309 3,926 Property & equipment 2,523 2,563
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started