QUESTION 2 (30 MARKS) (UNIT 1)

QUESTION 2 (30 MARKS) (UNIT 1) TRIVE PROPERTY GROUP BERHAD (TRVIE) Consolidated Statement of Financial Position December 31, 2019 and 2018 (in RM millions) 2019 2018 2019 2018 Assets Current Assets Cash 63.6 58.5 87.6 Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable/ short-term debt Current maturities of long-term debt Other current liabilities Total current liabilities Accounts receivable 55.5 39.6 10.5 39.9 inventories Other current assets Total current assets 45.9 6.0 171.0 42.9 3.0 144.0 6.0 144.0 132.0 239.7 168.9 Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and 66.6 109.5 119.1 62.1 91.5 99.6 Long-Term Liabilities Long-term debt Capital lease obligations Total Debt 239.7 168.9 22.2 (56.1) 239.1 (52.5) 200.7 Deferred taxes Other long-term liabilities ASSIGNMENT 1 BBF304/05 CORPORATE FINANCE equipment Goodwill Other long-term assets Total long-term assets 60.0 63.0 362.1 42.0 242.7 Total long-term liabilities Total liabilities Stockholders' Equity Total liabilities and Stockholders' Equity 262.5 406.5 126.6 191.1 323.1 63.6 Total Assets 533.1 386.7 533.1 386.7 Additional Data for year 2019 Total Sales (in RM millions): Gross Profit (in RM millions): EBIT (in RM millions): Excess in cash (in RM millions): Stock Price: Number of Outstanding Shares: Tax Rate: RM610.10 RM109.00 RM41.20 RM23.40 RM39.00 20,000,000 35% (a) Compute (i) TRVIE's cash ratio for 2019. (ii) TRVIE's inventory days for 2019. (iii) TRVIE's accounts payable days for 2019 (iv) TRVIE's market value Debt-Equity Ratio for 2019. (v) TRVIE's debt-to-enterprise value ratio in 2019. (vi) TRVIE's return on invested capital in 2019 (15 marks) Based on the above ratios, comment and interpret the performance results. (15 marks) [TOTAL MARKS: 30 MARKS] (b)