Q1)Answer D&E what you required according to Malaysian perspective :

D)

Assume that Covidabravo Sdi. Bhad. is a large merchandising wholesale business operating in Malaysia. The company is affected by the Covid-19 pandemic. Hence, the top management has called for ideas on potential strategies recommendation to overcome potential negative impact of the pandemic on profitability and solvency of the company. As one of the bright new management executives, you are eager to present your recommendation in the next coming online management niecting. To do that, you need to show some calculations, based on prior years' financial statements, that support your recommendations. You concentrated your study of financial statements on the company's statement of profit or loss and other comprehensive income. The statement of profit or loss and other comprehensive income for Covidabravo Sdn, Hhd of selected prior years is presented below; Covidabravo Sdn. Bhd. Statement of Profit or Loss and Other Comprehensive Income Year Ended 31 December 2019 2018 2017 RM ((HIO) RM (090) RM (600) Sales* * 32,376 30.601 27.799 Cost of merchandise sold 17,405 16.534 15,353 Gross profit 14.971 14,067 12,446 Sales expense 3.27H 3.213 3,031 Administrative expense 7,191 6,679 5,735 Total selling and administrative expense 10,469 9.892 8,766 Interest experise 19 28 33 Other income 140 -103 Income before income taxes 4,623 4.205 3.544 Income tax expense 932 851 Net income 3,760 3.273 2,693 Assume that all sales are on account Below is the excerpt of Covidabravo Sdn. Bhd.'s statement of financial position's data. 2019 2018 Assets RM (000) RM 1000) Current Assets: Cash and equivalents 3.138 3.852 Short-term investments 2.319 2.072 Accounts receivable (net) 3.241 3,358 laventories 4.438 4.337 Prepaid expenses and other current assets 1.489 1,968 Total current assets 17.464 18,174 Property, plant and equipment 3.520 3.011 Intangible assets (net) 412 412 Total Assets 21.396 21.597 The following is additional information (in thousands) related to the company: RM 1060) Accounts receivable at 31 December 2017 3.117 Merchandise inventories at 31 December 2017 4.142 Total assets at 31 December 2017 18,594 Accounts payable at 31 December 2017 2.131 Total current liabilities at 31 December 2017 6,332 Stockholders' equity at 31 December 2017 12,000 REQUIRED: "a) Determine the following measures for the fiscal years ended 31 December 2019 and 2018, Round ratios and percentages to one decimal place. (1) Accounts receivable turnover (#1) Number of days' sales in receivables (Hil) Inventory turnover (iv) Number of days' sales in inventory (v) Ratio of sales to asset (b) What conclusion(s) can be drawn from each of the analysis done in part (a)? (c) Based on your answer in part (b), recommend TWO (2) potential strategies that can be used to maintain or improve the efficiency of inventory, sales and accounts receivables management to minimise the impact of Covid-19 pandemic on its profitability and cash flows.TG Son. End. is an electrical manufacturing company located in Pagoh. It is a well established company with a favorable reputation for the quality of their products. The company manages to increase its production to meet their customer's demand. Among the company's goals is to have a better management in controlling product costs. Presented below is the information for the year ended 3| December 2019: RM Sales 6.300.000 Sales Expenses 2 [0.000 Administration Expenses [35.000 income Tax Expenses 75.000 Direct Material Purchased |.650.000 Direct Labour 840,000 Indirect Labour 360.000 Depreciation Expenses - Factory Machine 45.000 Utilities Expenses [35.000 Depreciation Expenses Factory Building 90.000 Insurance Expenses 60.000 Supplies Expenses 75,000 Other Expenses 90.000 Finished Goods Inventory. 3| December 2019 390.000 Work-in-proeess inventory, 3! December 2019 [62.000 Direct Material Inventory. 3] December 2019 [05.000 Additional information: I. The opening inventory on 1 January 20 I 9 for nished goods. work-in-process and direct materials are RM540.000. RM [95.000 and RM90.000. respectively. 2. Utility. insurance. supplies and other expenses for factory and ofce are allocated as below: EsmeQatar. Utility expenses 40% 60% Insurance expenses 50% 50% Supplies expenses 20% 80% Other expenses IO% 90% REQUIRED: (a) Prepare the Statement of Cost of Goods Manufactwed for the year ended 31 December 20l9. (b) Prepare the Statement of Prot or Less and Other Comprehensive income for the year ended 31 December 2019