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A Bhd Statement of Comparative Income For the Period of 31 December 2021 Sales Cost of goods sold Gross profit 2021 2020 RM RM 2,486,000
A Bhd Statement of Comparative Income For the Period of 31 December 2021 Sales Cost of goods sold Gross profit 2021 2020 RM RM 2,486,000 2,075,000 1,523,000 1,222,000 963,000 853,000 Operating expense Advertising expense 145,000 100,000 Sales salaries expense 240,000 280,000 Office salaries expense 165,000 200,000 Insurance expense 100,000 45.000 Supplies expense 26,000 35,000 Depreciation expense 85,000 75,000 Miscellaneous expenses 17,000 15,000 Total operating expense 778,000 750,000 Operating profit 185,000 103,000 Interest expense 44,000 46,000 Profit before tax 142,000 57,000 Income tax expense 47,000 19,000 Net profit 94,000 38,000 Earnings per share 0.99 0.40 Assets A Bhd Statement of Financial Position As at 31 December 2021 2021 2020 RM RM Current assets Cash 79,000 42,000 Short-term investments 65,000 96,000 Accounts receivable, net 120,000 100,000 Merchandise inventory 250,000 265,000 Total current assets 514,000 503,000 Property, plant and equipment Store equipment, net 400,000 350,000 Office equipment, net 45,000 50,000 Buildings, net 625,000 675,000 Land 100,000 100,000 Total property, plant and equipment 1,170,000 1,175,000 Total assets 1,684,000 1,678,000 Liabilities Current liabilities Accounts payable Short-term notes payable Taxes payable Total current liabilities 164,000 190,000 75,000 90,000 26,000 12,000 265.000 292,000 Long-term liabilities Notes payable (secured by mortgage on buildings) 400,000 420,000 Total liabilities 665,000 712,000 Shareholders' Equity Share capital Retained earnings Total shareholders' equity Total liabilities and equity 475,000 475,000 544,0000 491,000 1,019,000 966,000 1,684,000 1,678,000 Required: Compute the following ratios as at 31 December 2021. Please show your calculation. a) Current ratio b) Acid-test ratio c) Accounts receivable turnover d) Days' sales uncollected e) Inventory turnover f) Debt ratio g) Debt-to-equity ratio h) Times interest earned i) Profit margin ratio j) Total aset turnover k) Return on total asets
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