Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate for the year ended 31 March 2020 and 2019 the following question. i.Net asset (equal to capital employed) turnover ii.Gross profit margin iii.Profit before

Calculate for the year ended 31 March 2020 and 2019 the following question.

i.Net asset (equal to capital employed) turnover

ii.Gross profit margin

iii.Profit before interest and tax margin

image text in transcribed
Question 1 Shown below are the financial statements of Metrod Berhad for the most recent two years. Income statement for the year ended 31 March: 2020 2019 RM'000 RM'000 Revenue 150,000 110,000 Cost of sales (117,000) (85 800) Gross profit 33,000 24,200 Distribution costs (6,000) (5,000) Administrative expenses (9,000) (9,200) Finance costs (1,750) (500) Profit before tax 16,250 9,500 Income tax expense (5,750) (3.000) Profit for the year 10.500 6.500 Statement of financial position as at 31 March: 2020 2019 RM'000 RM'000 Assets Non-current assets Property and shop fittings 118,000 85,000 Goodwill 30,000 148,000 85,000 Current assets Inventory 15,500 12,000 Trade receivables 11,000 8,000 Bank 500 5,000 27.000 25,000 Total assets 175.000 110.000 Equity and liabilities Equity Equity shares of RM1 each 80,000 80,000 Retained earnings 15,000 10.000 95,000 90,000 Non-current liabilities 10% loan notes 50,000 5,000 Current liabilities Trade payables 21,000 13,000 Current tax payable 4,000 2.000 25,000 15,000 Total equity and liabilities 175.000 110,000

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

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

11th Edition

1119594596, 978-1119594598

More Books

Students also viewed these Accounting questions