Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Item 2018 (RM) 2019 (RM) Sales 4,203 4,507 Cost of Goods Sold 2,422 2,633 Depreciation 785 952 Interest 180 196 Dividends 225 250 Current assets

Item 2018 (RM) 2019 (RM)

Sales 4,203 4,507

Cost of Goods Sold 2,422 2,633

Depreciation 785 952

Interest 180 196

Dividends 225 250

Current assets 2,205 2,429

Net fixed assets 7,344 7,650

Current liabilities 1,003 1,255

Long-term debt 3,106 2,085

Tax 35% 35%

Data above are extraction of accounting information for Goldie Berhad. Based on the

information given, answer the following question:

(a) Construct an income statement for the year of 2019. (6 marks)

(b) Compute Cash flow from assets (include OCF, NCS and change in NWC) for

the year of 2019. (15 marks)

(c) Compute Cash flow to creditors for the year of 2019. (2 marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Auditing A Practical Approach with Data Analytics

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

1st edition

1119401747, 978-1119401742

Students also viewed these Finance questions

Question

Salary (if known)

Answered: 1 week ago