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Presented below are the financial statements and the comparative statements of the SUKI Corporation for the financial year 2018 and 2017. The corporation has been

Presented below are the financial statements and the comparative statements of the SUKI Corporation for the financial year 2018 and 2017. The corporation has been operating since ten years ago and intends to progressively expand their business in 2019. The corporation is pursuing KIERA Bank for additional financing in regards to their expansion plans. Balance Sheet as at June 30, 2018 (RM) Changes (%) 2017 (RM) Changes (%) Cash 195,000 36.84 142,500 48.44 Marketable securities 60,000 -20.00 75,000 92.31 Accounts receivable 390,000 -28.51 545,500 -27.27 Inventories 187,200 67.74 111,600 16.25 Other current assets 30,000 0.00 30,000 -44.44 Prepayment 28,000 211.11 9,000 -6.25 Plant and equipment, net 1,620,000 58.82 1,020,000 19.30 Land 2,250,000 76.47 1,275,000 18.06 Total assets 4,760,200 48.36 3,208,600 7.69 Accounts payable 324,250 39.46 232,500 -25.62 Accruals 114,000 90.00 60,000 -16.67 Short-term notes payable, 6% 60,000 -42.86 105,000 2.94 Mortgages Bond 2,100,000 100.00 1,050,000 9.38 Common stock 900,000 20.00 750,000 25.00 Paid-in Capital 700,000 43.27 488,600 5.65 Retained earnings 561,950 7.55 522,500 11.04 Total liabilities and equity 4,760,200 48.36 3,208,600 7.69 Income Statement for Years Ended June 30, 2018 (RM) Changes (%) 2017 (RM) Changes (%) Net sales 950,000 5.56 900,000 4.65 Cost of goods sold 303,000 -8.18 330,000 -1.79 Gross profit 647,000 13.51 570,000 8.78 Selling & administrative exp. 255,000 47.74 172,600 2.74 General expenses 66,000 46.67 45,000 -42.31 Depreciation 32,400 89.47 17,100 -16.18 Operating profit 293,600 -12.44 335,300 30.16 Interest expense 213,600 91.91 111,300 8.99 Income before tax 80,000 -64.29 224,000 44.07 Income taxes 24,000 -64.29 67,200 44.07 Net income 56,000 -64.29 156,800 44.07 Financial Ratios 2018 2017 Current ratio 1.79 2.30 times Acid-test ratio 1.41 2.02 times Net working capital 391,950 516,100 RM Days to sell inventory 178 113 days Average collection period 177 259 days Cash turnover 1.01 1.28 times Accounts receivable turnover 2.03 1.39 times Inventory turnover 2.03 3.18 times Working capital turnover 2.09 1.68 times Fixed assets turnover 0.19 0.28 times Total assets turnover 0.24 0.29 times Debt ratio 54.58 45.11 percent Total debt to equity 120.18 82.19 percent Long-term debt to equity 97.13 59.62 percent Times interest earned 1.37 3.01 times Gross profit margin 68.11 63.33 percent Operating profit margin 30.91 37.26 percent Net profit margin 5.89 17.42 percent Return on assets 1.41 5.07 percent Return on equity 2.85 9.52 percent Return on common equity 6.79 23.23 percent a) Based on the above financial information, provide a concise report for the stakeholders and shareholders of SUKI Corporation emphasizing on the following concern: i) The ability of the corporation in meeting their short-term obligations ii) The relevant of additional asset acquisition for expansion iii) The relevant of obtaining additional external funding iv) The current operating and profitability performances (

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