Muble Bhd financial statement for year ended 31 December 2021 and 31 December 2020 presented below:

Additional information: 1. Cash dividend of RM40,000 were declared and paid in 2021. 2. Weighted average number of ordinary shares outstanding during 2021 was 30,000 shares. 3. Market value of ordinary shares on 31 December 2021 was RM20.

Required Using the financial statements and additional information, compute the following ratios for Muble Bhd for 2021. Show all workings. (i) Current ratio (ii) Earnings per share (iii) Price-earnings ratio (iv) Acid-test ratio (v) Accounts receivable turnover (vi) Time interest earned (vii) Profit margin (viii)Inventory turnover (ix) Payout ratio (x) Return on assets

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2020 RM Muble Bhd Comparative Statement of Financial Position 2021 RM Assets Property, plant and equipment (net) 450,000 Inventory 120,000 Accounts receivable (net) 100,000 Short-term investments 60,000 Cash 75,000 Total 805,000 400,000 150,000 80,000 90,000 95,000 815,000 Equity and Liabilities Share capital - ordinary Retained earnings Bonds payable Accounts payable Short-term notes payable Total equity and liabilities 330,000 195,000 150,000 50,000 80,000 805,000 330,000 140,000 110,000 65,000 170,000 815,000 Muble Bhd Income Statement for the year ended 31 December 2021 RM Net sales 800,000 Cost of goods sold 480,000 Gross profit 320,000 Operating expenses 84,000 Income from operations 236,000 Interest expense 36,000 Income before income tax 200,000 Income tax expense 60,000 Net Income 140,000