Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me RM b. The balance sheet and income statement for Johan & Bahrin is presented below. Balance Sheet Cash RM500,000 Accounts receivable 1,500,000

please help me image text in transcribed
RM b. The balance sheet and income statement for Johan & Bahrin is presented below. Balance Sheet Cash RM500,000 Accounts receivable 1,500,000 Inventories 500,000 Current assets 2.500.000 Net fixed assets 5,000,000 Total Assets RM7,500,000 Accounts payable Bank note Total current liabilities long-term debt Common stock Retained earnings Total liabilities and owners' equity 1.200,000 300,000 1,500,000 4,000,000 300,000 1.700,000 RM7,500,000 Income Statement Net sales Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Income tax (34%) Net income 8,500,000 (3,400,000 5,100,000 (2.900,000) 2.200.000 (580,000) 1.620,000 (551,000) RM1,069,000 Required: Compute the following ratios: i. Current ratio ii. Acid test ratio iii. Debt ratio iv. Total asset turnover V. Operating profit margin vi. Times interest earned vii. Inventory turnover Gross profit margin viii. (14 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Crisis Causes Context And Consequences

Authors: Adrian Buckley

1st Edition

1553395417, 9781553395416

More Books

Students also viewed these Finance questions