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Anna Karina is a trainee in the accounting department of ANZ Sdn Bhd. She was given the following information by her supervisor. Total sales RM516,000;
Anna Karina is a trainee in the accounting department of ANZ Sdn Bhd. She was given the following information by her supervisor.
Total sales RM516,000; cash sale RM15,000; return inwards RM1,000; the opening and ending account receivables were RM58,000 and RM42,000 respectively; credit purchase RM600,000 including freight RM10,000 and closing accounts payable RM30,000. The supervisor told Anna Karina to ignore the opening account payable.
She is required to:
1. Analyse the figures using ratio analysis,
2. Prepare a brief report on the analysis.
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