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Pluton's financial statements are presented as follow: Pluton Corporation Balance Sheets 31st December (in millions) 2019 2020 Assets Current assets Cash and cash equivalents Receivables
Pluton's financial statements are presented as follow: Pluton Corporation Balance Sheets 31st December (in millions) 2019 2020 Assets Current assets Cash and cash equivalents Receivables Inventories Other current assets Total current assets Property, plant and equipment (net) Other noncurrent assets Total assets RM350 573 560 138 1,621 2,817 55 RM4,493 RM779 963 1,240 193 3,175 2,818 140 RM6.133 Liabilities and Stockholders' Equity Total current liabilities Total noncurrent liabilities Stockholders' equity-common Total liabilities and stockholders equity RM630 1,521 2,342 RM4,493 RM1,066 1,611 3,456 RM6.133 Pluton Sdn Bhd Income Statements For the year ended 31st December (in millions) 2020 2019 RM6,266 5,632 634 RM11,377 8,746 2,631 165 415 Sales Cost of sales Gross operating profit Selling, general and administrative expenses Depreciation Other income Earnings before interest and taxes Interest expense Minority interest Pretax income Income taxes Special income Total net income Earnings per share (EPS) 364 Z 112 27 24 61 383 2. 1,835 22 82 1,731 610 6 0 63 RM0.40 1.121 RM7.08 Required: Analyse Pluton's financial statement. Include the following ratios for 2020 and discuss your findings (2019 values are provided for comparison): a. Current ratio (year 2019-2.57) b. Quick ratio (year 2019-1.68) c. Accounts receivable turnover (year 2019-11.87) d. Inventory turnover (year 2019 - 9.80) e. Debt ratio (year 2019-47.57%) f. Return on assets (year 2019 - 1.40%) B. Profit margin (year 2019 -1.00%) h. Return on common stockholders' equity (year 2019-2.68%)
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