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You have been hired as a financial analyst by Maybank Berhad. Your task is to analyse the present financial condition of Petrox Berhad. You are

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You have been hired as a financial analyst by Maybank Berhad. Your task is to analyse the present financial condition of Petrox Berhad. You are provided with the following 2021 Statement of Financial Position and Statement of Profit or Loss information for Petrox Berhad. In addition, you are told that Petrox Berhad has 12,500,000 shares of ordinary shares outstanding, currently trading at RM11.25 per share, and has made annual purchases of RM262,500,000. PETROX BERHAD STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the year ended 31 December 2021 PETROX BERHAD STATEMENT OF FINANCIAL POSITION as at 31 December 2021 (RM) One of the main conditions for loan approval is company should be in a betterthan-average financial position. Recommend your decision whether to approve or deny the loan application from Petrox Berhad by looking at overall financial performance. Explain the Petrox's strong and weak points

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