You are an intern working in Salam Berhad. Salam is interested to invest money in either Top Glove Berhad or Hartatelaga Berhad. Your manager has recently asked to interpret the financial statements of both companies for the financial year 2020. You are required to produce a report, which focuses on specific aspects of financial performance and financial position of Top Glove and Hartatelaga, which are of particular interest your manager. Your report should contain the following:

Prepare the following ratio calculations based on the 2020 financial statements (use Group figures). The financial statements of both companies have been attached (please see below).

b. Liquidity current ratio and quick ratio (700 words)(700 words)

Please use the following format to present your calculations (You are required to state the formula used clearly):

Ratio	Top Glove	Hartatelaga
For example: Gross profit margin: Gross profit/ Revenue x 100	2,000/50,000 x 100 = x%	5,000/15,000 x 100 = x%

TOP GLOVE CORPORATION BHD. Company No.199801018294 (474423-X) (Incorporated in Malaysia) CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2020 Unaudited as at 31/Aug/2020 Audited as at 31/Aug/2019 Restated RM'000 RM 000 ASSETS Non current assets Property, plant and equipment Land use rights Right of use assets Investment property Investment in an associate Deferred tax assets Biological assets Investment securities Intangible assets 3,034,794 0 180,674 163,900 10,425 8,832 28 392 1,012,320 4,411,365 2,480,026 178,495 0 163.900 11,853 58,472 0 392 1,015,970 3,909,108 Current assets Inventories Trade and other receivables Other current assets Investment securities Cash and bank balances 525,645 803,059 47,924 1,674,545 1,210,388 4,261,561 629,896 592.217 303,917 87,285 165,782 1,779,097 Total assets 8,672,926 5,688,205 EQUITY AND LIABILITIES Current liabilities Trade and other payables Contract liabilities Loans and borrowings Lease liabilities Income tax payables Derivative financial instruments 670,671 864,630 323,319 1,714 117,594 871 1,978,799 2,282,762 492,414 55,610 1,041,325 0 789 1,653 1,591.791 187,306 Net current assets Non current liabilities Loans and borrowings Lease liabilities Deferred tax liabilities Provisions 217,431 3,015 160,622 3,384 384,452 2,363,251 6,309,675 1,379,369 0 159,714 3,190 1,542,273 3,134,064 2,554,141 Total liabilities Net assets 788,326 Equity attributable to owners of the parent Share capital Treasury shares Retained earnings Other reserves (1,781) 1,675,704 (1,519) 3,246,308 68,362 4,988,855 1,295,262 25,558 6,309,675 8,672,926 Perpetual Sukuk Non controlling interests 1,751,963 (1,553) 2,536,955 0 o 17,186 2,554,141 5,688,205 Total equity Total equity and liabilities Net assets per share attributable to ordinary equity holders of the parent, RM 0.61 0.33* STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2020 Group Company 2020 RM Note 2019 RM 2020 RM 2019 RM ASSETS Non-Current Assets - 8 2,002,196,979 1,896,232,090 9 9 188,910,261 173,993,364 10 28,835,933 22,899,208 Property, plant and equipment Capital work-in-progress Intangible assets Right-of-use assets - Investments in subsidiaries Deferred tax assets 11 4,488.371 12 663,016,631 647,118,243 13 970,891 1,528,907 Amount owing by subsidiaries 24 787433,806 787,447185 Total Non-Current Assets 2,225,402,435 2,094,653,569 1,450,450,437 1,434,565,428 Current Assets Inventories 14 273,908,980 275,527,359 Trade and other receivables 15 458,263,408 222.571 222,571 502,054,816 7,396,694 Tax assets 16 13,259,729 Amount owing by subsidiaries 24 25,365 910,670 Cash, bank balances and short-term investments 18 305,160,943 150,391,288 121,397,875 35,153,778 Total Current Assets 1,088,521,433 897,441,784 121,645,811 36,287,019 TOTAL ASSETS 3,313,923,868 2,992,095,353 1,572,096,248 1,470,852,447 EQUITY AND LIABILITIES Equity Attributable to Owners of the Company Share capital 19 1,509,591,323 1,400,985,898 1,509,591,323 1,400,985,898 Reserves 20 1,030,207,467 61,907,846 855,435,574 2,256,421,472 68,780,819 1,469,766,717 2,539,798,790 1,571,499,169 Non-controlling interests 3,324,430 2,808,589 Total Equity 2,543,123 220 2,259,230,061 1,571,499,169 1,469,766,717 (Forward) 85 Hartalega Holdings Berhad Annual Report 2020 Group Company 2020 RM 2019 RM 2020 RM 2019 RM Note Non-Current Liabilities - Loans and borrowings 21 188,571,921 195,361,599 Lease liabilities 22 2,714,101 Deferred tax liabilities 13 172,475,444 125,614,922 Total Non-Current Liabilities 363,761,466 320,976,521 Current Liabilities 23 273,874,382 259,526,314 83,214 79,837 21 85,415,497 148,577,371 Trade and other payables Loans and borrowings Lease liabilities Derivatives financial liabilities Tax liabilities 22 1,830,478 17 39,007,767 1,788.000 16 6,911,058 1,997,086 513,865 1,005,893 Total Current Liabilities 407,039,182 411,888,771 597,079 1,085,730 Total Liabilities 770,800,648 732,865,292 597,079 1,085,730 TOTAL EQUITY AND LIABILITIES 3,313,923,868 2,992,095,353 1,572,096,248 1,470,852,447 The annexed notes form an integral part of, and should be read in conjunction with these financial statements