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:
- Net profit margin
- Current ratio
- Debt ratio
- Stock turnover ratio
v. Earnings per share
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