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Please help asap 2. (a) Southern Berhad has an annual interest expenses of RM30,000 and pays income tax equal to 28 percent of earnings before
Please help asap
2. (a) Southern Berhad has an annual interest expenses of RM30,000 and pays income tax equal to 28 percent of earnings before tax. Its times-interest earned ratio is 4.2. Calculate Lestari's net income. (5 marks) (b) RM Setia Global Corporation shows the following information on 2021 income statement: Items Sales 185,000 Cost of sales 88,000 Other expenses 6,700 Depreciation expenses 16,500 Interest expenses 9,000 Tax 25 percent Dividend 9,500 In addition, the company has issued RM7,550 new equity in 2021 and redeemed RM7,100 in outstanding long term debt. Calculate: i. Net income for 2020 (5 marks) ii. Operating cash flow for 2020Step by Step Solution
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