Mr Zikry is a Senior Engineer with Petronas Carigali Sdn Bhd. He earns a gross salary of RM16,000 per month. His EPF contribution is 11% while his employer's contribution is 12% monthly. As for the the tax deduction, he has to pay RM1200 per month. Mr Zikry also receives a rental of RM1,200 per month from a house that he rent to his friend. In January 2019, he received an 8% dividend from his investment in ASB and 1.5% dividend from Tabung Haji. The amount that he invested in ASB and Tabung Haji are RM500,000 and RM100,000 respectively. He is married to Mrs Arisha who is a housewife and they are blessed with two children age 13 and 17 years old. The following details are the expenses incurred by Mr Zikry in 2019. Items Cash in hand Mr Zikry saving account Mr Zikry and Mrs Arisha joint saving account Purchased Iphone in June 2019 Puchased laptop in Sept 2019 Credit Card balance Food per month Fuel parking, toll per month Utilities per month Condominium instalment per month Honda Jazz instalment per month Life insurance per month Proton X 70 installment per month Credit card payment per month Condominium maintenance fee Housing loan balance Honda Jazz loan balance Proton X 70 loan balance Current Account Zakat per month Condominium market value Honda Jazz market value Vacation Proton X 70 market value Pocket money per month for each child Accessories and jewellery Netflix per month Maid per month Parents allowances per month Road tax and car insurance TM unifi per month EPF balance December 2019 RM 2,500 15,600 20,500 4,000 3,800 8,000 2,000 1,000 800 2.500 .700 500 1,300 800 1.200 250,000 45,000 100,000 35,000 800 500.000 45.000 10.000 90.000 400 40.000 100 800 500 3.000 150 400.000 QO Is TM201%200CT%202020 pdf 3 / S 100% + CONFIDENTIAL BMIAPR2020/FIN533/654/663 You are required to assist Mr Zikry to a) Construct a Balance Sheet statement as at 31 December 2019 (10 marks) b) Construct a Cash Flow statement for the year 2019. (15 marks) c) Calculate and comment on the financial ratios to assist Mr Zikry in his financial planning based on the statements constructed in (a) and (b) above Current Ratio Debt Service Coverage Ratio (5 marks) 41 Determine five (5) criteria for a good financial goal 15 marks) IL T Mr Zikry is a Senior Engineer with Petronas Carigali Sdn Bhd. He earns a gross salary of RM16,000 per month. His EPF contribution is 11% while his employer's contribution is 12% monthly. As for the the tax deduction, he has to pay RM1200 per month. Mr Zikry also receives a rental of RM1,200 per month from a house that he rent to his friend. In January 2019, he received an 8% dividend from his investment in ASB and 1.5% dividend from Tabung Haji. The amount that he invested in ASB and Tabung Haji are RM500,000 and RM100,000 respectively. He is married to Mrs Arisha who is a housewife and they are blessed with two children age 13 and 17 years old. The following details are the expenses incurred by Mr Zikry in 2019. Items Cash in hand Mr Zikry saving account Mr Zikry and Mrs Arisha joint saving account Purchased Iphone in June 2019 Puchased laptop in Sept 2019 Credit Card balance Food per month Fuel parking, toll per month Utilities per month Condominium instalment per month Honda Jazz instalment per month Life insurance per month Proton X 70 installment per month Credit card payment per month Condominium maintenance fee Housing loan balance Honda Jazz loan balance Proton X 70 loan balance Current Account Zakat per month Condominium market value Honda Jazz market value Vacation Proton X 70 market value Pocket money per month for each child Accessories and jewellery Netflix per month Maid per month Parents allowances per month Road tax and car insurance TM unifi per month EPF balance December 2019 RM 2,500 15,600 20,500 4,000 3,800 8,000 2,000 1,000 800 2.500 .700 500 1,300 800 1.200 250,000 45,000 100,000 35,000 800 500.000 45.000 10.000 90.000 400 40.000 100 800 500 3.000 150 400.000 QO Is TM201%200CT%202020 pdf 3 / S 100% + CONFIDENTIAL BMIAPR2020/FIN533/654/663 You are required to assist Mr Zikry to a) Construct a Balance Sheet statement as at 31 December 2019 (10 marks) b) Construct a Cash Flow statement for the year 2019. (15 marks) c) Calculate and comment on the financial ratios to assist Mr Zikry in his financial planning based on the statements constructed in (a) and (b) above Current Ratio Debt Service Coverage Ratio (5 marks) 41 Determine five (5) criteria for a good financial goal 15 marks) IL T