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Question: Analyze and evaluate the operational efficiency of the Medical Clinic business for the year ending 31 December 2019. Utilize financial ratios with formulas and explanations for each ratio in your answers.

RM33,910 Capital as at 1 Jan 2019 Purchase on medical supplies Service revenues from patient treatment RM10,000 RM45,000 Petty expenses RM350 RM8,500 Medical supplies inventory (1 Jan 2019) Accounts receivable RM1,300 Accounts payable RM2,780 RM3,600 Paid rent Insurances RM620 Wages RM2,400 Stationeries RM310 Assessment rate RM1,590 RM10,000 Mortgage loan Cash RM530 RM8,310 Bank (credit balance) Fixtures and fittings RM40,000 Interest on loan RM800 Machines and equipment RM30,000 Statement of Operations for year ending December 2019 Patient service revenue RM45,000 Opening inventory RM8,500 Purchase RM10,000 Wages RM2,400 Closing inventory RM9,800 Operating expenses Petty expenses RM350 Paid rent RM3,600 Insurance RM620 Stationery RM310 Interest on loan RM800 Net income RM28,220 Balance Sheet for year ending December 2019 Assets Cash RM530 Furniture and fixtures RM40,000 Machinery and equipment RM30,000 Accounts receivable RM1,300 Closing inventory RM9,800 RM1,590 Assessment rate Total current assets RM83,220 RM62,130 Capital and liabilities Capital Accounts payable Mortgage loan Bank credit balance RM2,780 RM10,000 RM8,310 RM83,220 Total capital and liabilities