11. Based on the financial statements given in Table 1 and 2 above, calculate the efficiency ratios, liquidity ratios, leverage ratios, and profitability ratios for CDE Sdn. Bhd. in 2019. Where data is available, also the calculate ratios for 2018. Use a 360-day year. All sales are on credit to business customers. Assume an income tax rate of 30 percent.

12. Analyse the financial health of CDE Sdn. Bhd. using the ratios calculated in 11.

net income for 2019 =51100

Table 1 Balance sheet for CDE Sdn. Bhd. CDE SDN. BHD Balance Sheet 31 December 2019 31 December 2018 Cash Accounts receivable Inventories Plant & equipment 'Less accumulated depreciation Total assets 50000 80000 180000 300000 -40000 570000 40000 60000 110000 260000 -20000 450000 150000 50000 Accounts payable Accrued liabilities Mortgage payable Common stock Retained earnings 100000 70000 80000 130000 190000 570000 90000 160000 450000 Table 2 Income statement of CDE Sdn. Bhd. CDE SDN. BHD Income Statement 31 December 2019 31 December 2018 Net sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Profit before taxes Taxes Net income 680000 410000 270000 190000 80000 7000 73000 600000 330000 270000 192000 78000 2000 760001 Other data a. Cash dividends paid for year 2019 were RM 21,000 b. The change in accumulated depreciation account is the depreciation for the year