Note: 1. The company has 900 million common shares at RM1 par which currently trades at RM4.25 per share with a constant growth rate of 12% per annum and expected dividend of 86 sen per share. 2. The company has 100 million preferred shares at RM 100 par which currently trades at RM94.25 per share with a floatation cost of RM3.13 per share and fixed dividend of 8.8% per annum. 3. The company has RM1,500 million long-term bank borrowings at fixed interest rate of 7.5% per annum with a tax bracket of 25%. QUESTION 1 (CHAPTERS 1 \& 3) 1) Describe briefly the stages of accounting cycles 2) Explain the significance of managerial accounting 3) How you define "liquidity". 4) Calculate the following financial ratios and comment the performance of CyberCom to the industry average (in bracket): a. Quick Ratio (2.6X) b. Inventory Turnover (6X) c. Average Collection Period (50 days) d. Total Debt to Total Assets (60%) e. Times Interest Earned (10X) f. Operating Profit Margin (34%) g. Return on Assets (26%) h. Dividend Per Share (12 sen) i. Book Value per share (RM2.22) j. Dividend Payout (33%)