Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below are extract of financial information of FIT Bhd. Using the information given and vertical analysis, analyse information to detect any red flags and likelihood

Below are extract of financial information of FIT Bhd. Using the information given and vertical analysis, analyse information to detect any red flags and likelihood of fraud.

image text in transcribed
2015 2016 2017 2018 2019 RM'000 RM'000 RM'000 RM'000 RM'000 Revenue 13,289 20,273 31,260 40, 112 100,789 Cost of sales 11,569 19,021 30,288 39,310 98,836 Gross profit 1,720 1,252 972 802 1,953 Other expenses 261 198 210 117 130 Net profit 1,459 1,054 762 685 1,823 Inventories 17,529 18,260 17,645 19,620 35,600 Trade receivables 20,530 29,300 24,630 18,330 43,296 Cash and bank balances 12,994 10,761 11,560 12,560 13,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting For Dummies

Authors: Mark P Holtzman, Karen Schoenebeck

1st Edition

1118116429, 978-1118116425

More Books

Students also viewed these Accounting questions