QUESTION 1 1) Distinguish between Balance Sheet and Income Statement (5 marks) 2) Explain liquidity (5 marks) 3) What are the processes of accounting cycles (5 marks) 4) How do you differentiate between Current and Fixed Assets (5 marks) 5) The following financial statements belong to Cyberia Property Berhad: Balance Sheet as at 30 September 2022 (RM million) Income Statement for the year ended 30th September 2022 Note: 1. The company has 900 million common shares at RMI par which currently trades at RM2.50 per share with a constant growth rate of 14% per annum and an expected dividend of 65 sen per share. 2. The company has 100 million preferred shares at RM100 par which currently trades at RM103.15 per share with a floatation cost of RM4.12 per share and a fixed dividend of 7.8% per annum. 3. The company has RM1,200 million in long-term bank borrowings at a fixed interest rate of 8.5% per annum with a tax bracket of 28%. Calculate and comment the firm performance to industry average (in bracket): i) Current Ratio (4X) ii) Inventory Turnover (10X) iii) Average Collection Period (50 days) iv) Times Interest Earned (7X) v) Net Profit Margin (8%) vi) Earnings Per Share (RM1.65) QUESTION 1 1) Distinguish between Balance Sheet and Income Statement (5 marks) 2) Explain liquidity (5 marks) 3) What are the processes of accounting cycles (5 marks) 4) How do you differentiate between Current and Fixed Assets (5 marks) 5) The following financial statements belong to Cyberia Property Berhad: Balance Sheet as at 30 September 2022 (RM million) Income Statement for the year ended 30th September 2022 Note: 1. The company has 900 million common shares at RMI par which currently trades at RM2.50 per share with a constant growth rate of 14% per annum and an expected dividend of 65 sen per share. 2. The company has 100 million preferred shares at RM100 par which currently trades at RM103.15 per share with a floatation cost of RM4.12 per share and a fixed dividend of 7.8% per annum. 3. The company has RM1,200 million in long-term bank borrowings at a fixed interest rate of 8.5% per annum with a tax bracket of 28%. Calculate and comment the firm performance to industry average (in bracket): i) Current Ratio (4X) ii) Inventory Turnover (10X) iii) Average Collection Period (50 days) iv) Times Interest Earned (7X) v) Net Profit Margin (8%) vi) Earnings Per Share (RM1.65)