Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi please help me solve this. will give u thumbs up. thanks in advance! Firma Bunga Megah and Firma Rimbun Angin are two companies involved

hi please help me solve this. will give u thumbs up. thanks in advance!

image text in transcribed

Firma Bunga Megah and Firma Rimbun Angin are two companies involved in the hotel industry. The following information is about the financial position of both firms. Table 1: Financial position of Bunga Megah Firm and Rimbun Angin Firm Ratio Size Magnificent Flower Firm Firm Rimbun Angin 2020 2021 2020 2021 Current ratio 1.5 1.9 2.5 1.8 Acid test ratio 0.8 1.2 2.2 1.8 Turnover Accounts Not Yet 30.5 28.0 16.0 14.0 Accept Inventory change 25.5 22.5 12.51 0.5 Working Capital RM80.000 RM60,000 RM150,000 RM80,000 Based on the ratio measurements between the two firms, compare the financial position of the two firms within the following aspects: ability to meet short-term obligations [20 marks] ii. efficiency in the use of current assets [30 marks] Firma Bunga Megah and Firma Rimbun Angin are two companies involved in the hotel industry. The following information is about the financial position of both firms. Table 1: Financial position of Bunga Megah Firm and Rimbun Angin Firm Ratio Size Magnificent Flower Firm Firm Rimbun Angin 2020 2021 2020 2021 Current ratio 1.5 1.9 2.5 1.8 Acid test ratio 0.8 1.2 2.2 1.8 Turnover Accounts Not Yet 30.5 28.0 16.0 14.0 Accept Inventory change 25.5 22.5 12.51 0.5 Working Capital RM80.000 RM60,000 RM150,000 RM80,000 Based on the ratio measurements between the two firms, compare the financial position of the two firms within the following aspects: ability to meet short-term obligations [20 marks] ii. efficiency in the use of current assets [30 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: H L Bhatia

30th Edition

9390080258, 978-9390080250

More Books

Students also viewed these Finance questions