Do comment on the company ratio for Year 2020 and compare with industry average. Do explain on whether the company profit margin is better than industry average. Do comment on another profit ratio like rate of return on total assets. For liquidity ratio, it is the indicator of financial health-cash flow, do comment in year 2020 versus industry average. Summarise your findings on performance.

Ratio Formula ratio Calculation (RM 000) Industry average ratio 2.3:1 D Current ratio 1.1 Current assets Current liabilities RM 11,948 RM 10,700 ii) Quick ratio 1.1:1 Current assets - inventory RM 11,948 RM 1,300 1.0 Current liabilities RM 10,700 4.9 5.0 111) Inventory turnover RM 65,000 RM 13,100 (a) Cost of goods sold Average inventory Net credit sales Average receivables 13.8 12.5 iv) Receivables turnover RM 100,000 RM 7,300 (b) 4.18 2.0 v) Asset turnover Net credit sales Average total assets RM 100,000 RM 23,934 (C) 4.4 5.8 vi) Times interest earned RM 12,800 (d) RM 2,880 6.4% 4.0% RM 6,448 RM 100,000 x 100% vil) Profit margin viii) Earning per share RM0.46 Earning before income tax Interest expenses Net profit Net sales Net earning Total share outstanding Market price Earning per share Net profit Average total assets RM 6,348 (e) RM 10,000 RM 0.63 14.28 10.5 ix) Price earnings ratio RM 9.00 RM 0.63 26.9% 11.0% x) Rate of return on total assets RM 6,448 x 100% RM 23,934