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Dear experts, please answer all the below calculations with step by step and provide the formula to every answer. Thank you! The following financial statements
Dear experts, please answer all the below calculations with step by step and provide the formula to every answer. Thank you!
The following financial statements are extracts from the account of Honda Sdn. Bhd. Statement of Comprehensive Income Years Ended 31 December 2017 Year 1 Year 2 Year 3 RM (000) RM ('000) RM (000) Statement of Financial Position as At 31 December 2017 Year 1 1 Year 2 Year 3 RM RM (000) RM RM ('000) RM RM (000) ('000) ('000) (1000) Sales 1,920 2,160 2,440 Non-current assets 320 240 200 Cost of sales 1,340 1,560 1,770 580 600 670 Gross profit Administration expenses Current assets Stock 400 420 450 520 540 604 debtors 320 360 500 Operating profit 60 60 66 Cash 0 0 0 Interest 26 28 36 720 780 950 Profit before taxation 34 32 30 Current liabilities Taxation 4 2 2 Trade creditors 150 160 290 Profit after taxation 30 30 28 Bank overdraft 140 160 220 Dividends 0 0 8 290 320 510 Retained profits 30 30 20 Net current assets 430 460 440 Total assets less current liabilities 750 700 640 Debentures 240 160 80 510 540 560 Capital and reserves Ordinary shares 320 320 320 Retained Earnings 190 220 240 510 540 560 Given the following additional information: Annual depreciation was RM 36,000 in Year 1; RM 26,000 in Year 2 and RM22,000 in Year 3. The debentures carry coupon rate of 8% p.a. and are redeemable in instalments and the final instalment is due in year 4. a) Calculate the following ratios: i. Gross profit margin ii. Net profit margin (before tax) iii. Net profit margin (after tax) iv. Current ratio V. Stock turnover ratio vi. Debtor turnover ratio vii. Debtor turnover days viii.Creditor turnover ratio ix. Creditor turnover days X Debt ratioStep by Step Solution
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