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QUESTION 2 a) Below are the balance sheets for Gagasan Company for the year ending 31st December 2012. Assets Cash Marketable securities Accounts receivables Inventory
QUESTION 2 a) Below are the balance sheets for Gagasan Company for the year ending 31st December 2012. Assets Cash Marketable securities Accounts receivables Inventory Total current assets Net plant and equipment Total assets Liabilities & equities Accounts payables Notes payables Long term debt Common stock Retained earnings Total claims 31st December 2011 (RM'000) 3,300 1,500 2,000 5,400 12,200 22,500 34,700 ====== 2,250 3,750 9,500 15,000 4,200 34,700 ====== 31st December 2012 (RM'000) 4,200 2,250 3,000 5,850 15,300 22,200 37,500 ====== 2,400 4,500 10,500 15,000 5,100 37,500 ====== Based on the information above, prepare a cash flow statement for the year ending 31st December 2012, assuming that its depreciation and earnings after tax in 2012 are RM2,400,000 and RM2,100,000 respectively. (10 marks)
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