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3.1. Given below are financial information for Boo-at Jer Sendirian Berhad for the financial year ended 31 December 2019. Item Amount (RM) 610000 Accounts

 

3.1. Given below are financial information for Boo-at Jer Sendirian Berhad for the financial year ended 31 December 2019. Item Amount (RM) 610000 Accounts payable Accounts receivable 380000 Prepaid taxes and insurance 90000 Cash & cash equivalents 985000 Plant, property & equipment 1940000 Operating profit 2750000 Net sales 5975000 Inventory 203000 Total Owners' Equity (end balance) 2550000 Income taxes 590000 Interest charges 350000 Q 3.1.a. Calculate the net profit after tax. (2 marks) (2.5 marks) Format : 3480000Q 3.1.b. Calculate total current assets. Format: 9872000Q 3.1.c. Calculate total long term liabilities. (3 marks) Format: 389000Q 3.1.d. Prepare formatted Balance Sheet Statement as at 31 December 2019. Show in workings to be attached. (7.5 marks) Format: AQ.3.2. The Beena Jer Contractor Company paid RM1530000 for a house and the land that it is on. The value of the land was appraised at RM160000 and the value of the house at RM245000. The house was then torn down at an additional cost of RM15000, so that a warehouse could be built on the land at a cost of RM1110000. For depreciation purposes, what is the cost basis for the warehouse? (3.5 marks) Format : 2970000

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