fost features are obsable DR QUESTION 4 (25 MARKS Seri Nur Sendirian Berhad Balance Sheet as at 31st December 2020 LABILITIES ASSETS RM EQUITY RM 15,000 7,000 57,000 13,000 34,000 5,000 Cash Marketable securities Account receivables Inventories Land Building Fumiture and Fittings Office equipment Motor vehicles Less. Depreciation 82.000 150,000 63,000 44,000 82,000 69,000 Account payable Notes payable Accrued expenses Long-term debt Ordinary shares Paid in capital Retained earnings 50,000 150,000 80,000 73,000 TOTAL 408,000 TOTAL 408,000 Seri Nur Sendirian Berhad Income Statement for the year ended 31st December 2020 RM 770.000 462.000 308.000 148.000 18,900 Sales Less: Cost of goods sold Gross profit Less: General administrative expenses Depreciation Earnings before interest & taxes Less: Interest expenses Earnings before taxes Less: Taxes Earnings after taxes 166.900 141.100 12.000 129. 100 32.000 97.100 Page Sors IMEXUSTRIAL AVERAGE RATIOS Cument ratio 1.35 times 18.82% 18.70 Quick ratio Inventory tumover Return on total assets Return on total equity Debt ratio 0.97 times 1.55 times 85% 12.3 Average collection period 20 days Time interest eamed times Calculate the relevant ratios for Seri Nur Sendirian Berhad V Current ratio (2 marks) Quick ratio (2 marks) Inventory turnover (2 marks) TV Average collection period (2 marks) Return on total assets (2 marks) Return on total equity (2 marks) Debt ratio (2 marks) Time interest eamed (2 marks) Analyse the overall performance of the company based on liquidity, profitability, efficiency and solvency ratios. (Note. Use the 365 days for calculation) (9 marks vi w (b) END OF QUESTIONS- Page 18