Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the information from the tables below to answer the following questions. Consider the following financial information: Abad Murni Bhd Consolidated Statement of Financial Position

image text in transcribedimage text in transcribedimage text in transcribed

Use the information from the tables below to answer the following questions. Consider the following financial information: Abad Murni Bhd Consolidated Statement of Financial Position December 31, 2020 and 2019 (in $ millions) Liabilities and Stockholders' Equity Assets 2020 2019 2020 2019 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable 87.6 73.5 Notes payable Accounts receivable 55.5 39.6 short-term debt 10.5 9.6 Current maturities of long-term debt Inventories 45.9 42.9 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities 6.0 12.0 Total current assets 171.0 144.0 Total current liabilities 144.0 132.0 Long-Term Assets Long-Term Liabilities Long-term debt Land 66.6 62.1 239.7 168.9 Buildings 109.5 91.5 Capital lease obligations Equipment 119.1 99.6 Total Debt 239.7 168.9 Less accumulated (56.1) (52.5) Deferred taxes 22.8 22.2 depreciation Net property, plant, and equipment 239.1 200.7 Other long-term liabilities Goodwill 60.0 Total long-term liabilities 262.5 Other long-term assets 63.0 42.0 Total liabilities 406.5 323.1 Total long-term assets 362.1 242.7 Stockholders' Equity 126.6 63.6 Total Assets Total liabilities and Stockholders' Equity 533.1 386.7 533.1 386.7 Abad Murni Bhd Consolidated Income Statement Year ended December 31 (in $ millions) 2020 2021 Total sales 610.1 578.3 Cost of sales (500.2) (481.9) Gross profit 109.9 96.4 Selling, general, and administrative expenses (39.0) (40.5) (24.6) (3.6) Research and development Depreciation and amortization Operating income (22.8) (3.3) 41.2 31.3 Other income Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) (25.1) (15.8) Pre-tax income 16.1 15.5 Taxes (5.3) (5.5) 10.6 Net income 10.2 Dividends Paid 5.1 5.0 $16 $15 Price per Share Shares outstanding (millions) Stock options outstanding (millions) 10.2 8.0 0.3 0.2 Stockholders' Equity 126.6 63.6 Total Liabilities and Stockholders' Equity 533.1 386.7 a) For the year ending December 31, 2020 calculate Abad Murni's cash flow from operating activities. (5 marks) b) For the year ending December 31, 2020, calculate Abad Murni's cash flow from investing activities. providing justification for this figure. (5 marks) c) For the year ending December 31, 2020, calculate Abad Murni's cash flow from financing activities (in $ millions). (5 marks) d) Assess the performance of the company based on the Consolidated Statement of Financial Performance and Consolidated Income Statement for 2019 and 2020. (You are expected to calculate at least 5 key ratios and to provide appropriate explanation based on the ratios calculated) (10 marks) (Total- 25marks)

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

Economics, Accounting And The True Nature Of Capitalism Capitalis Ecology And Democracy

Authors: Jacques Richard, Alexandre Rambaud

1st Edition

1032046589, 9781032046587

More Books

Students also viewed these Accounting questions

Question

Perform Normalization of below given records in SQL server

Answered: 1 week ago

Question

1. What causes musculoskeletal pain?

Answered: 1 week ago