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PLZ SHOW THE WORKING IN STEPS THANK YOU Axon Bank received a loan application from Intec Inc. together with the financial statements below. Based on
PLZ SHOW THE WORKING IN STEPS THANK YOU
Axon Bank received a loan application from Intec Inc. together with the financial statements below. Based on the information below, calculate FOUR (4) of the Liquidity Ratios and Profitability Ratios each for Intec Inc. Then, briefly explain whether Axon Bank should approve or decline the loan requested by Intec Inc.
445 Business Assets (RM million) Annual Revenue and Expense Items (RM million) Cash account RM70 Net sales RM600 Accounts receivable 155 Cost of goods sold Inventories 128 Wages and salaries 52 Fixed assets 286 Interest expense 28 Miscellaneous assets 96 Overhead expenses 29 735 Depreciation expenses 12 Liabilities and Equity Selling, administrative, 28 and other expenses Short-term debt: 108 Before-tax net income 6 Accounts payable 127 Taxes owed 1 Notes payable 325 After-tax net income 5 Long-term debt (bonds) 15 Equity capital 160 735Step by Step Solution
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