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Axon Bank received a loan application from Intec Inc. together with the financial statements below. Based on the information below, calculate FOUR (4) of the
Axon Bank received a loan application from Intec Inc. together with the financial statements below. Based on the information below, calculate FOUR (4) of the Liquidity Ratios and Profitability Ratios each for Intec Inc. Then, briefly explain whether Axon Bank should approve or decline the loan requested by Intec Inc.
Business Assets (RM million} Cash account RM?!) Accounts receivable 155 Inventories 128 Fixed assets 286 Miscellaneous assets 96 Liabilities and Equity Short-term debt: Accounts pavable Notes payable Long-term debt (bonds) Equity capital Annual Revenue and Expense Items (RM million} Net sales Cost of goods sold Wages and salaries Interest expense Overhead expenses Depreciation expenses Selling, administrative, and other expenses Before-tax net income Taxes owed After-tax net income RMGU'U 445 52 (10 marks}Step by Step Solution
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