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Syarikat Telaga Suri Sdn Bhd Statement of Comparative Financial Position 31 December 2019 & 2020 Additional information: 1. The following is part of the information related to sales activities for the year 2020. 2019 2020 Cash sales Credit sales (percentage of cash sales) Cost of Goods Sold (percentage of total sales) Net income Interest spending Income tax spending RM800,000 80% 60% 45,000 5,000 5,500 ASSETS Non-current assets Land Vehicles (-) Accumulated depreciation of Buildings - Accumulated depreciation Current assets: Accounts Receivable (net) Marketable Securities Inventories Cash Prepaid Insurance Total Assets 315,000 75,000 (10,000) 300,000 (30,000) 200,000 75,000 (5,000) 300,000 (15,000) 2. The turnover of accounts receivable in 2019 is 15.8. 3. The inventory turnover in 2019 is 9.7. 4. The turnover of total assets in 2019 is 1.15. 45,000 76.900 78,250 362.000 12,000 1,224.150 55,000 45,000 66,500 195,800 24,000 941,300 BE REQUIRED: 1. Prepare a horizontal analysis of the Statement of Financial Position for Syarikat Telaga Suri Sdn Bhd showing the change in RM and percentage. (10 Marks) 435,000 388,000 2. Calculate the following ratios for 2020 and give a brief description of the results of the ratios you obtained: LIABILITIES Non-Current Liabilities: Unpaid Bond, Current liabilities: Accounts Payable Unpaid Notes Results Not Obtained Total liabilities OWNERS' EQUITY Ordinary Stock Main Stocks Retained Earnings Total Equity Total Liabilities and Owner's Equity 78,500 42,000 28,500 584,000 86,100 21,300 63,700 559,100 a. Current ratio b. Accounts Receivable Turnover C. Inventory Turnover d. Turnover of Total Assets (11 Marks) 35,000 39,000 566,150 640,150 1,224,150 45,000 28,000 309,200 382,200 941,300