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Kejora Sdn. Bhd. has the following Statement of Financial Position and Income Statement for financial year ended 31 December 2020 Statement of Financial Position RM000
Kejora Sdn. Bhd. has the following Statement of Financial Position and Income Statement for financial year ended 31 December 2020 Statement of Financial Position RM000 RM000 Fixed Assets 3,000 Owner's Equity 1,195 Long term borrowings 2,000 Stocks 200 Trade Creditors 215 Trade Debtors 320 Other creditors 230 Cash 120 3,640 3,640 Income Statement RM Net sales (all on credit terms) 10,000 Cost of goods sold (6,000) Gross profit 4,000 Operating expenses (3,000) Operating income 1,000 Interest expense (200) Profit before tax 800 Corporate tax (224) Profit after tax 576 Industry Average Gross profit margin Debt ratio Operating profit margin Net profit margin Inventory turnover ratio Average collection period 30% 69% 10% 4% 35% 13 days Required: a) Determine Kejora Sdn Bhd's: i. ii. iii. iv. V. vi. Gross profit margin Operating profit margin Net profit margin Inventory turnover ratio Average collection period Debt ratio
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