QUESTION 1

Mani aluminium berhad. has asked you to calculate the companys current ratio for 2020. All you have is a partial balance sheet and some assumptions. Using the information provided, calculate manis quick ratio for 2020 and fill in the blanks.

Gross profit margin = 50%

Inventory turnover = 5 xs

2020 sales = RM 3,000

Asset		Liabilities and Equities
Cash	?	Account Payable	RM50
Account Receivable	RM40	Accruals	?
Inventory	?	Long term debt	RM400
Fixed Asset	RM500	Equity	RM250
Total Asset	RM900	Total Liability and Equity	?

QUESTION 2

Nita card board Bhd has RM2,000,000 in debt outstanding. The firm's interest rate is 10%. Sales for the year totalled RM3,000,000 and variable costs were 50% of sales. Its fixed costs are estimated to be RM500,000. Now answer the questions below.

Compute the DOL.

Compute the DFL.

Computer the DCL. Interpret your result.

If Nita Cardboard sales were to increase by 20%, how much of a percentage increase would you expect in the companys EBIT?

QUESTION 3

Refer to the information below.

Selling price	RM16
Variable cost (per pack)	RM10
Annual sales	51,000 packs
Earnings after tax	RM52,500
Tax rate	30%

How much are the fixed costs of producing the course packs?