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Below is the Financial Statement for Bersih Bersinar Corporation as of 31 December, 2015. a. Based on the information given, you need to complete the
Below is the Financial Statement for Bersih Bersinar Corporation as of 31 December, 2015. a. Based on the information given, you need to complete the following Balance Sheet. Round account balances to the nearest dollar. (Hint: Use the Financial Ratios Formula). Balance Sheet Income Statement Cash RM 1,500 Sales (All Credit) RM14,500 Account receivables - 1. (2 Marks) Cost of goods sold 8,500 Inventory 6,250 Operating expenses 2,400 Net fixed assets (2 Marks) Interest expense 640 nim Total assets (1 Mark) Taxes 1,180 Net income RM1,780 Account payables 1,500 Short-term notes payable 1,500 Long-term debt 6,000 Common stock 5,000 Retained earnings 4. (3 Marks) (2 Marks) Total Liabilities and equity Ratios: Operating Profit Margin = 24.8% Return on Equity = 10.5% Total Assets Turnover = 0.56 Fixed Asset Turnover = 1.04
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