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Question 1 Below is the Trial Balance of Sam Motel and Tour as at 31 December 2019: Additional information: i. Closing irveritory as at 31
Question 1 Below is the Trial Balance of Sam Motel and Tour as at 31 December 2019: Additional information: i. Closing irveritory as at 31 December 2019 was valued at RM35,000. ii. Accrued utilities was RM855 and insurance paid in advance was RM6,300. iii. The owner took additional RM800 goods for his personal use not recorded. iv. Advertising expenses accrued RM500 Commission income not received yet is RM4,500. v. RM500 has to be written off as bad debts. vi. Depreciation to be provided 10% on cost for furniture and fittings and 20% on book value fo motor vehicle. Required: Calculate the following ratio. Show the workings. a) Current Ratio b) Quick Ratio c) Cash Ratio d) Inventory Turnover e) Debt Ratio f] Debt Equity Ratio B) Times Interest Earned h) Receivables turnover i) Day Sales in Inventory i) Day Sales in Receivables k) Gross Profit Margin 1) Net Profit Margin m) Total Asset Turnover n) Fixed Asset Turnover o) ROA p) ROE
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