Good Truck Berhad Income Statement for The Year ending 31 Dec 2019 (RM in millions) Net sales 8,450 Less: Cost of goods sold 7,240 Less: Depreciation 400 Earnings before interest and taxes 810 Less: Interest paid 70 Taxable Income 740 Less: Taxes 259 Net income 481 Good Truck Berhad Balance Sheets as at 31 December 2019 (RM in millions) Assets Liabilities and Equities Cash 140 Accounts payable 1,120 Accounts rec. 780 Long-term debt 1,210 Inventory 1,520 Common stock 3,000 Total 2,440 Net fixed assets 3,600 Retained earnings 710 Total assets 6,040 Total liabilities & equity 6,040 You are required to calculate: a. Current ratio b. Quick ratio c. Net working capital ratio d. Average collection period e. Inventory turnover f. Debt ratio g. Time Interest Earned h. Net profit margin ratio i. Return on Assets j. Return on Equities
Good Truck Berhad
Income Statement for The Year ending 31 Dec 2019
(RM in millions)
|
Net sales |
8,450 |
|
Less: Cost of goods sold |
7,240 |
|
Less: |
400 |
|
Earnings before interest and taxes |
810 |
|
Less: Interest paid |
70 |
|
Taxable Income |
740 |
|
Less: Taxes |
259 |
|
Net income |
481 |
Good Truck Berhad
Balance Sheets as at 31 December 2019
(RM in millions)
|
Assets |
|
|
Liabilities and Equities | |
|
Cash |
140 |
|
Accounts payable |
1,120 |
|
Accounts rec. |
780 |
|
Long-term debt |
1,210 |
|
Inventory |
1,520 |
|
Common stock
|
3,000
|
|
Total |
2,440 |
|
||
|
Net fixed assets |
3,600 |
|
|
710 |
|
Total assets |
6,040 |
|
Total liabilities & equity |
6,040 |
You are required to calculate:
a. Current ratio
b. Quick ratio
c. Net working capital ratio
d. Average collection period
e. Inventory turnover
f. Debt ratio
g. Time Interest Earned
h. Net profit margin ratio
i.
j.
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