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As the senior management team of the company, you are required to revise the budget for 2020 to take into account the impact of recession

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As the senior management team of the company, you are required to revise the budget for 2020 to take into account the impact of recession and COVID 19 on the company. The following are the details that you have to take into account: 0 The current share price is at RM 1.08. The board is targeting to increase the Market capitalisation at RM 3,000,000,000 2021. . Price Earning ratio is expected to remain the same in 2020 dan 2021. o The number of shares outstanding 1,404,000,000 shares - Sales volume is expected to increase by 10% because of the focus buying on grocies goods in 2020. In 2021. Revenue is expected to grow at 15%. 0 However, price is expected to drop by 15% - Suppliers costs is expected to drop by 5% Operating expenses is supposed to be the same as in 2019

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