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The following information relates to Megah Sdn. Bhd. for the financial year ended 31 May 2021: RM 90,000 100,000 50,000 400,000 10,000 3,000 140,000 90,000 300,000 25,000 25,000 10,000 20,000 28,000 8,000 240,000 183,000 30,000 Cash Trade payables Trade receivables Sales Bank Carriage outwards Long-term loan Furniture at cost Land at cost Selling expenses Salaries Commission received Inventories as at 1 June 2020 Accumulated depreciation: Furniture Depreciation: Furniture Purchases Capital Inventories as at 31 May 2021

The following information relates to Megah Sdn. Bhd. for the financial year ended 31 May 2021: RM 90,000 100,000 50,000 400,000 10,000 3,000 140,000 90,000 300,000 25,000 25,000 10,000 20,000 28,000 8,000 240,000 183,000 30,000 Cash Trade payables Trade receivables Sales Bank Carriage outwards Long-term loan Furniture at cost Land at cost Selling expenses Salaries Commission received Inventories as at 1 June 2020 Accumulated depreciation: Furniture Depreciation: Furniture Purchases Capital Inventories as at 31 May 2021

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the following ratios for Megah Sdn. Bhd.:

a)Quick ratio;Gross profit margin;Net profit margin

The following information relates to Megah Sdn. Bhd. for the financial year ended 31 May 2021: RM Cash 90,000 100,000 50,000 400,000 Trade payables Trade receivables Sales Bank 10,000 3,000 140,000 90,000 300,000 25,000 Carriage outwards Long-term loan Furniture at cost Land at cost Selling expenses Salaries 25,000 10,000 20,000 28,000 8,000 240,000 183,000 30,000 Commission received Inventories as at 1 June 2020 Accumulated depreciation: Furniture Depreciation: Furniture Purchases Саpital Inventories as at 31 May 2021
Transcribed Image Text:The following information relates to Megah Sdn. Bhd. for the financial year ended 31 May 2021: RM Cash 90,000 100,000 50,000 400,000 Trade payables Trade receivables Sales Bank 10,000 3,000 140,000 90,000 300,000 25,000 Carriage outwards Long-term loan Furniture at cost Land at cost Selling expenses Salaries 25,000 10,000 20,000 28,000 8,000 240,000 183,000 30,000 Commission received Inventories as at 1 June 2020 Accumulated depreciation: Furniture Depreciation: Furniture Purchases Саpital Inventories as at 31 May 2021
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