2. The following data were extracted from the annual report of Kenanga Berhad. Income statement data:...
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2. The following data were extracted from the annual report of Kenanga Berhad. Income statement data: Sales (all on credit) Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense Income before taxes Income taxes Net income Balance sheet data: Cash Accounts receivable Inventory Prepaid expenses Total current assets Total non-current assets Total assets Accounts payable Interest payable Long-term liabilities Total liabilities Ordinary shares, RM10 par Retained earnings Total liabilities and equity RM 1,075,000 _(575,000). 500,000 (305,000). 195,000 (20,400). 174,600 i. Gross profit margin ii. Net profit margin iii. Debtor's collection _(74,000). 100,600 RM 38,400 120,000 56,700 24,000 239,100 708,900 948,000 91,200 4,800 204,000 300,000 480,000 168,000 948,000 Based on the above information from the current year financial statements of the company, calculate the following ratios and evaluate the financial performance of the company: iv. Inventory turnover v. Earnings per share (Assume the corporation has a simple capital structure, with only ordinary shares outstanding). (Total / Jumlah: 20 ) 2. The following data were extracted from the annual report of Kenanga Berhad. Income statement data: Sales (all on credit) Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense Income before taxes Income taxes Net income Balance sheet data: Cash Accounts receivable Inventory Prepaid expenses Total current assets Total non-current assets Total assets Accounts payable Interest payable Long-term liabilities Total liabilities Ordinary shares, RM10 par Retained earnings Total liabilities and equity RM 1,075,000 _(575,000). 500,000 (305,000). 195,000 (20,400). 174,600 i. Gross profit margin ii. Net profit margin iii. Debtor's collection _(74,000). 100,600 RM 38,400 120,000 56,700 24,000 239,100 708,900 948,000 91,200 4,800 204,000 300,000 480,000 168,000 948,000 Based on the above information from the current year financial statements of the company, calculate the following ratios and evaluate the financial performance of the company: iv. Inventory turnover v. Earnings per share (Assume the corporation has a simple capital structure, with only ordinary shares outstanding). (Total / Jumlah: 20 )
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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