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PLease help me .. please help me . please please b (6) The following are the financial information of Mahir Co. for the year 2021:
PLease help me .. please help me . please please
b (6) The following are the financial information of Mahir Co. for the year 2021: Mahir Co. Statement of Comprehensive Income for the year ended 31 December 2021 RM Revenue 245,000 Cost of goods sold (68,400) Gross profit 176,600 Selling and administrative expenses (54,800) Interest expense (8.300) Profit before tax 113,500 Tax expense (23,000) Profit after tax 90,500 Mahir Co. Statement of Financial Position as at 31 December 2021 (extract) RM Non-current assets 489,500 Current Assets Cash at bank Trade receivable Inventory 52,000 26,000 82,500 Current Liabilities Trade payable Accrued expenses 43,000 37,000 Non-current Liabilities Loan, payable 2019 150,000 Shareholders' Equity Ordinary share capital 300,000 Retained earnings 120.000 The following are the financial ratios of Hakim Co., the closest competitor of Mahir Co. Financial ratios of Hakim Co. Gross Profit Margin 65% Net Profit Margin 50% Current Ratio 2.00 Acid-test Ratio 1.30 Compute the following financial ratios for year 2021 for Mahir Co. (Show the formula and calculations) a. Gross Profit Margin b. Net Profit Margin c. Current Ratio d. Acid-test ratio (11) Comment on the performance of Mahir Co. in terms of its profitability and liquidity as compared to Hakim CoStep by Step Solution
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