Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following are the financial statements for ABC Enterprise for the financiar year 2019 and 2020: ABC Enterprise Balance Sheet as at 31 December ...

image text in transcribed

The following are the financial statements for ABC Enterprise for the financiar year 2019 and 2020: ABC Enterprise Balance Sheet as at 31 December ... 2020 2019 RM000 RM000 ASSET 1.395 1.122 Non-current Asser 500 580 Building Vehicles 1,895 1.702 Current Asset 525 313 Bank 270 250 Accounts receivable 15 12 Prepayments 810 1873 Total Assets 2,705 2,577 LIABILITIES Non-Current Liabilities Long-term loan 1970 T1100 Current Liabilites Accounts payables 260 150 Accrued expense 23 37 235 7187 Total Liabilities 1,255 1,287 EQUITY Capital 1.450 1290 Total Liabilities and 2,705 2,517 Equity Do a vertical analysis of ABC Enterprise's Statement of Financial Position for the year 2019 and 2020, taking total assets and total liabilities and equity as the base amount Show your answers to one (1) decimal place (9 marks) b. Calculate these ratios for ABC Enterprise for the year 2019 and 2020. Show your answers to one (1) decimal place (6 marks) i Current ratio ii. Sales tumover profit margin ratio iii. Debt ratio 1 c Use your analysis in (a) and (b) to comment on the performance and financial position of ABC Enterprise for the two financial years

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

Data Analytics For Accounting

Authors: Vernon Richardson

3rd Edition

1264444907, 9781264444908

More Books

Students also viewed these Accounting questions

Question

3 > O Actual direct-labour hours Standard direct-labour hours...

Answered: 1 week ago

Question

Mortality rate

Answered: 1 week ago

Question

Armed conflicts.

Answered: 1 week ago