Question: 1 (A) Table below shows the financial information for Unity Berhad in 2020. Stocks as at 31 December 2020 is RM330,000. Corporate tax is 24

1 (A) Table below shows the financial information for Unity Berhad in 2020. Stocks as at 31 December 2020 is RM330,000. Corporate tax is 24 percent. Total ordinary shares are 36,000,000 units. Prepare the Statement of Comprehensive Income and Statement of Financial Position for Unity Berhad for the financial year 2020.

No.

Perkara

RM

1

Cash

256,000

2

Fixed assets

14,889,500

3

Notes payable

41,500

4

Trade creditors

338,500

5

Total equity

14,310,000

6

Interest expenses

128,000

7

Sales (credit)

5,832,000

8

Purchases (credit)

542,500

9

Operating expenses

585,500

10

Trade debtors

212,500

11

Stock (Opening)

221,500

12

Bank loan

998,000

(b)

Calculate the following financial ratios:

  1. Net profit margin

  1. Current ratio

  1. Debt ratio

  1. Stock turnover ratio

v. Earnings per share

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