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Table below shows the financial information for Rainbow Berhad in 2019. Stocks as at 31 December 2019 is RM328,500. Corporate tax is 24 percent. NO
Table below shows the financial information for Rainbow Berhad in 2019. Stocks as at 31 December 2019 is RM328,500. Corporate tax is 24 percent.
NO | ITEM | RM |
1 | TOTAL EQUITY | 11,406,000 |
2 | TRADE DEBTORS | 263,000 |
3 | LONG TERM BORROWINGS | 1,899,000 |
4 | SALES (CREDIT) | 4,942,500 |
5 | CASH | 189,000 |
6 | INTEREST EXPENSES | 61,000 |
7 | TRADE CREDITORS | 326,000 |
8 | PURCHASES | 672,500 |
9 | STOCK (OPENING) | 136,500 |
10 | FIXED ASSETS | 12,907,500 |
11 | OPERATING EXPENSES | 686,000 |
12 | SHORT TERM BORROWINGS | 57,000 |
Prepare Statement of Income and Statement of Financial Position for Rainbow Berhad for the financial year 2019. Calculate the following financial ratios:
a. Net Profit Margin
b. Current ratio
c. Debt ratio
d. Stock turnover ratio
Please do in the paper and screenshot..
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