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Question 4 (15 marks) The following is Hexza Company Balance Sheet for 2019. As a credit officer, calculate the marketability, profitability, liquidity and leverage ratios

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Question 4 (15 marks) The following is Hexza Company Balance Sheet for 2019. As a credit officer, calculate the marketability, profitability, liquidity and leverage ratios for this company. (Total 15 ratios) Balance Sheet as of 31 Dec 2019 (RM million) Business Assets Annual Revenue and Expense Items Cash account 50 Net sales 650 Accounts receivable 155 Cost of goods sold 485 Inventories 128 Wages and salaries 58 Fixed assets 286 Interest expense 28 Miscellaneous assets 96 Overhead expenses 29 715 Depreciation expenses 12 Liabilities and Equity Selling, administrative, Short-term debt: and other expenses 28 Accounts payable 108 Before-tax net income 10 Notes payable 107* Taxes owed Long-term debt (bonds) 325* After-tax net income Miscellaneous liabilities 15 Equity capital 160 715 * Annual principal payments on bonds and notes payable total RM55 million. The firm's marginal tax rate is 35 percent. (15 marks)

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