Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. The following is the Financial Statement for Ragga Bhd. Balance Sheet RM Cash 1,800 Account payables Receivables 10,800 Notes payable Inventories 12,600 Accruals Total

image text in transcribed
3. The following is the Financial Statement for Ragga Bhd. Balance Sheet RM Cash 1,800 Account payables Receivables 10,800 Notes payable Inventories 12,600 Accruals Total current assets 25,200 Total current liabilities Bonds Fixed assets 21,600 Common stock Retained earnings Total Assets 46,800 Total (Liabilities + Equity) RM 7,200 3,472 2,520 13,192 5,000 2,000 26,608 46,800 Income Statement Sales Operation costs EBIT Interest EBT Taxes (40%) Net Income Dividends (60%) Addition to retained earnings RM 36,000 30,783 5,217 (717) 4,500 1.800 2,700 1,620 1,080 Additional information: During the next year, the sales increase by 25%. Interest remained the same. You are required to find Additional Fund Needed (AFN). (Total: 20)

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

Elliot Wave Techniques Simplified How To Use The Probability Matrix To Profit On More Trades

Authors: Bennett A. McDowell

1st Edition

0071819304,0071819312

More Books

Students also viewed these Finance questions

Question

1. How will you price your product or service? Why?

Answered: 1 week ago

Question

How do emergent strategic considerations alter the decisions?

Answered: 1 week ago