3. Micasa Bhd is a public listed company listed on Bursa Malaysia. Currently you are the analyst reviewing Micasa Bhd. The following data is provided to you for your financial analysis. All data below is as at December 31, 2020 unless otherwise indicated. 2 Current ratio Accounts receivable turnover Beginning accounts receivable Common shareholders' equity Sales Total debt to equity ratio Day's sale inventory Gross profit margin ratio Expense (excluding cost of goods sold) Non-current assets Note: Number of days in a year = 360 days. 16 RM 50,000 RM 250,000 RM 1,000,000 0.85 36 days 50% RM 450,000 RM 300,000 (a) Based on the above data, compute the net income for Micasa Bhd as at December 31,2020 (3 marks) (b) Construct the Statement of Financial Position for Micasa Bhd as at December 31, 2020 for your analysis. Note: The Statement of Financial Position should show an asset section comprising of: Current Assets: cash, accounts receivable, inventory and non-current assets (Total Assets). Labilities & equity section comprising of: Current liabilities, Non-current liabilities (Total Liability) and total equily (Total liabilities & Equity). (14 marks)