You are the loan officer at BankBest Bank (BBB). Your main responsibility is to review applications for loans. You are at present reviewing an application by the Hammer Tools Company (HTC). HTC manufactures various types of high quality punching and deep-drawing press tools for kitchen appliance manufacturers. Hj Ahmad, the financial manager of HTC, has submitted a justification to support the application for a short-term loan from BBB. Extracts of the Statement of Comprehensive Income and Statement of Financial Position of HTC, submitted with the justification to BBB, are provided below: Extract of the Statement of Comprehensive Income of Hammer Tools Company for the year ended 31 December 2014 2014 2013 RM RM Revenue (all credit) 45,000 40,909 Cost of sales (23,000) (20,909) Gross Profit 22,000 20,000 Selling and admin expenses (13,000) (11,818) Other expenses (depreciation) (3,000) (2,000) Finance costs (412) (400) Profit before tax 5,588 5,782 Income tax expense (2,235) (2,313) Profit for the year 3,353 3,469 An ordinary dividend of RM 733,000 was declared in 2014 and RM 758,000 in 2013