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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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