Question: acc q3 please help QUESTION / SOALAN 3 Marks/Markah The condensed balance sheet and income statement for Scorpions Bhd are as follows: Balance Sheet as
QUESTION / SOALAN 3 Marks/Markah The condensed balance sheet and income statement for Scorpions Bhd are as follows: Balance Sheet as at 31/12/2018 2018 RM Cash 20,000 Accounts Receivable 40,000 Inventories 80,000 Land and Building 70,000 Plant and Equipment 390.000 600.000 Current Liabilities 100,000 Non-current Liabilities 85,000 Ordinary Shares 320,000 Retained Earnings 95.000 600.000 Income Statement for the year ended 31/12/2018 2018 RM Sales 720,000 Less: Sales Return and Allowances 80.000 Net sales 640,000 Less: Cost of Goods Sold 500.000 Gross profit 140,000 Less: Operating Expenses 120.000 Net Income 20.000 Calculate the following ratios for the year 2018: i) Current ratio (2.5) ii) Quick ratio (2.5) iii) Gross profit margin (2.5) iv) Net profit margin (2.5) v) Debt ratio (2.5) vi) Inventory turnover ratio (2.5) vii) Total asset turnover (2.5) viii) Return on asset (2.5) (Total / Jumlah: 20)
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