QUESTION 2 (30 MARKS) (UNIT 1) TRIVE PROPERTY GROUP BERHAD (TRVIE) Consolidated Statement of Financial Position December 31, 2019 and 2018 (in RM millions) Liabilities and Assets 2019 2018 Stockholders' Equity 2019 2018 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable 87.6 73.5 Notes payable/ Accounts receivable 55.5 39.6 short-term debt 10.5 9.6 Current maturities of Inventories 45.9 42.9 long-term debt 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities 6.0 12.0 Total current assets 171.0 144.0 Total current liabilities 144.0 132.0 Long-Term Assets Long-Term Liabilities Land 66.6 62.1 Long-term debt 239.7 168.9 Buildings 109.5 91.5 Capital lease obligations -- - Equipment 119.1 99.6 Total Debt 239.7 168.9 Less accumulated depreciation (56.1) (52.5) Net property, plant, and 239.1 200.7 Deferred taxes Other long-term liabilities 22.8 22.2 -- --- ASSIGNMENT 1 equipment BBF304/05 CORPORATE FINANCE Goodwill 60.0 - Total long-term liabilities 262.5 191.1 Other long-term assets 63.0 42.0 Total liabilities 406.5 323.1 Total long-term assets 362.1 242.7 Stockholders' Equity 126.6 63.6 Total liabilities and Total Assets 533.1 386.7 Stockholders' Equity 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: Compute (a) (i) TRVIE's cash ratio for 2019. (ii) TRVIE's inventory days for 2019. (iii) TRVIE's accounts payable days for 2019 RM610.10 RM109.00 RM41.20 RM23.40 RM39.00 20,000,000 35% (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) (b) Based on the above ratios, comment and interpret the performance results. (15 marks) [TOTAL MARKS: 30 MARKS]