Non-current assets Furniture (Net book value) Current assets Cash at Bank Inventory Accounts receivable Quoted shares MYR'000 31,840 MYR'000 29,200 2,448 13,000 7,600 600 23,648 3,520 13,200 7,000 500 24,300 Current liabilities Accounts payable Accruals 10,400 10,920 300 500 10,700 12,948 11,420 12,800 Working capital Non-current liabilities Long term loan Net assets 18,400 26,388 18,000 24,000 Shareholder's equity 14.4 million ordinary shares 500,000 (9%) Preference share Retained profits 14,400 1,000 14,400 1,000 10,988 26,388 8,600 24,000
Non-current assets Furniture (Net book value) Current assets Cash at Bank Inventory Accounts receivable Quoted shares MYR'000 31,840 MYR'000 29,200 2,448 13,000 7,600 600 23,648 3,520 13,200 7,000 500 24,300 Current liabilities Accounts payable Accruals 10,400 10,920 300 500 10,700 12,948 11,420 12,800 Working capital Non-current liabilities Long term loan Net assets 18,400 26,388 18,000 24,000 Shareholder's equity 14.4 million ordinary shares 500,000 (9%) Preference share Retained profits 14,400 1,000 14,400 1,000 10,988 26,388 8,600 24,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 4
The following information is taken from Tanaka Bhd for the year ended 31 December 2020.
- Preference dividend declared and fully paid in 2020: RM100,000
- Ordinary dividend declared and fully paid in 2020: RM3,960,000
Preference shares marketable price per unit at 31 December 2020: RM4.60- Ordinary share marketable price per unit at 31 December 2020: RM9.00
2. From the industry average, identify and comment on Tanaka Bhd’s profitability and short-term liquidity.
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