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 Retained earnings 710 Net fixed assets 3,600 Total assets 6,040 Total liabilities & equity 6,040 You are required to calculate: Current ratio f. Debt ratio Quick ratio g. Time Interest Earned Net working capital ratio h. Net profit margin ratio Average collection period i. Return on Assets e. Inventory turnover 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:
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
Total assets 6,040 Total liabilities & equity 6,040
You are required to calculate:
- Current ratio f. Debt ratio
- Quick ratio g. Time Interest Earned
- Net working capital ratio h. Net profit margin ratio
- Average collection period i.
Return on Assets
e. Inventory turnover j.
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