Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*Show working step by step *Follow the given format The data below are based on the financial statements of JJ Sdn Bhd for the year

image text in transcribed

*Show working step by step *Follow the given format

The data below are based on the financial statements of JJ Sdn Bhd for the year ended 31 December 2019, Accounts and Notes Payable RM 100000, Accounts receivable RM1 76000. Prepaid insurance RM30000. Cash and cash equivalents RM287000. LandBuildings and Machines RM850000, Sales RM1400000 . Long-term Loan RM585000. Inventory RM50000. Total Owners Equity (1 Jan 2019) RM571000. Income Taxes RM 241000, Cost of sales RM508000, Selling and Administration Expenses RM360000. Research Development Expense RM86000, Interest Expense RM32000 Depreciation RM36000 Q1. Calculate GROSS PROFIT. Q2. Calculate NET PROFIT After Tax. Q3. Calculate the TOTAL ASSETS. Q4. Calculate the TOTAL LIABILITIES. Q6. Calculate DEBT RATIO. Q7. Calculate TOTAL ASSETS TURNOVER RATIO. Q8. Calculate QUICK RATIO. Format: 779000 Format: 794000 Format : 4783000 Format : 557000 Format : 0.83 Format : 9.09 Format: 3.26

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Audit

Authors: Carolyn J. Cordery, David C. Hay

1st Edition

0367650622, 9780367650629

More Books

Students also viewed these Accounting questions

Question

Why is job analysis considered to be a basic HR tool?

Answered: 1 week ago

Question

5.1 Define recruitment and describe the recruitment process.

Answered: 1 week ago