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please help me Financial Analysis Below are financial statements for Q.A.E. Berhad for the financial year ending 2010. Q.A.E BERHAD BALANCE SHEET AS AT 31
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Financial Analysis Below are financial statements for Q.A.E. Berhad for the financial year ending 2010. Q.A.E BERHAD BALANCE SHEET AS AT 31 DECEMBER 2010 (RM) Cash Accounts receivable Inventory Prepaid expenses 33,500 49,200 40,750 30,000 Account payable Taxes payable Notes payable Accruals 23,000 12,000 15,000 20,000 Fixed assets Less: Depreciation Patent 39,750 11,250 25,000 Debentures Mortgage Bonds Mortgage Loan 57,000 15,000 8,450 Preferred stock Common stock Retained Earning TOTAL CLAIMS 7,500 8,000 41,000 206,950 TOTAL ASSETS 206,950 Q.A.E. BERHAD INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010 (RM) Revenue Less: Cost of goods sold Gross profit Less: Selling and administrative expenses General expenses Interest expenses Net profit before tax Less: Tax Net profit after tax 250,000 150.000 100,000 53,400 25,000 2,600 19,000 10,000 9,000 Industry Average Ratios Current ratio ACP Debt ratio Net Profit Margin 2.50 X 60 days 50 % 12.50 % Quick Ratio Fixed Asset t/over Times interest earned Return on Asset 2.00 X 9.50 X 6.5 X 5.50 % Based on the above financial statements: a) Calculate the indicated ratios for Q.A.E Berhad. (Use 360 days per year) (12 marks) b) Evaluate the overall performance of the company according to liquidity, activity, profitability and leverage ratios. (8 marks) Part I Financial Management and Planning 26Step by Step Solution
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