Question
QUESTION 1 Given below the balance sheet and financial data for Indah Aman Company as at 31st December 2012. (RM) ASSETS Cash Marketable securities
QUESTION 1 Given below the balance sheet and financial data for Indah Aman Company as at 31st December 2012. (RM) ASSETS Cash Marketable securities Accounts receivables Prepayments 10,000,000 20,000,000 50,000,000 10,000,000 Inventories 90,000,000 Gross fixed assets 100,000,000 Less Accumulated depreciation 10,000,000 90,000,000 TOTAL ASSETS 270,000,000 LIABILITIES & EQUITIES Accounts payables Notes payables Accruals Leases Bonds Debentures Preferred stock Common stock Retained earnings TOTAL CLAIMS ====== ==== 20,000,000 16,000,000 14,000,000 20,000,000 65,000,000 55,000,000 10,000,000 50,000,000 20,000,000 270,000,000 Additional information for the year ending 31st December 2012: (RM) Net sales 100,000,000 Less: Cost of goods sold 40,000,000 Gross profit 60,000,000 Less: General and administrative expenses 40,000,000 Earnings before interest and taxes 20,000,000 Less: Interest expense 2,000,000 Earnings before taxes 18,000,000 Company's tax rate is 25%
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