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The data below are based on the financial statements of Gomen Sdn Bhd for the year ended 31 December 2021. Creditors RM100000, Debtors RM178000 ,

The data below are based on the financial statements of Gomen Sdn Bhd for the year ended 31 December 2021.

Creditors RM100000,

Debtors RM178000 ,

Short term investment RM30000 ,

Cash and bank RM57000 ,

Land , buildings and equiments RM750000 ,

Sales RM1200000 ,

Long-term Loan RM484000 ,

Inventory RM50000 ,

Owners Equity (1 Jan 2021) RM574000 ,

Income Taxes RM 209000,

Cost of sales RM541000 ,

Selling and Administration Expenses RM350000 ,

Research Development Expense RM87000 ,

Interest Expense RM70000 ,

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.

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