Finance

The Question

The following are financial statements for Utara Golf Corporation. Utara Golf Corporation Statement of Financial Position as at 31st December 2019 (RM) 15,164 8151 2,405 4,608 22,992 Non-current asset: Net Plant and equipment Current asset: Cash Account Receivables Inventories TOTAL ASSETS Financed by: Owners' equity Share capital Retained Eaming Total owner's equity Non-current Liability: Long-term debt Current liabilities: Account Payable Notes Payable Accruals TOTAL LIABILITIES AND EQUITY 10,000 6,367 16,367 4,817 9831 720 105 22,992 Utara Golf Corporation Statement of Profit and Loss for the year ended 31 December 2019 Sales Less: Cost of goods sold Gross profit Less: Depreciation Earning before interest and taxes (EBIT) Less: interest expenses Earning before taxes (EBT) Less: taxes (35%) Net Profit (RM) 33,500 (18,970 14,530 (1,980) 12,550 (486 12,064 (4,222 7,842 (a) Calculate the following financial ratio for Utara Golf Corporation: i. Current ratio (2 marks) ii. Quick ratio (3 marks) ii. Inventory turnover (2 marks) iv. Receivables turnover (2 marks) v. Total assets turnover (2 marks) vi. Total debt ratio (2 marks) vii. Times interest earned ratio (2 marks) viii. Net profit margin (2 marks) ix Return on assets (2 marks) X. Return on equity (2 marks)