Given below are the financial statements of Silveron Bhd for the financial years ended 31 December 20X1 and 20X2....

   

Transcribed Image Text:

Given below are the financial statements of Silveron Bhd for the financial years ended 31 December 20X1 and 20X2. Silveron Bhd Statement of Profit or Loss For the Year Ended 31 December Revenue Cost of sales Gross profit Other income Admin. expenses Other expenses Finance costs Profit before tax Income tax Profit after tax 20X2 RM'00 0 20X1 RM'00 0 22,330 54,900 4,466 13,725 17,864 41,175 54 6,500 506 2,285 8,627 45 8,582 169 4,180 755 1,513 34,896 49 34,847 Silveron Bhd Statement of Financial Position As at 31 December Assets Non-current Assets Property, plant, and equipment Investment securities 8% Convertible bonds Current Assets Inventories Trade receivables Other receivables Fixed deposits Cash and bank 20X2 RM¹000 509,800 1,084 2,350 510,884 20X1 RM'000 537,21 0 1,084 2,450 538,29 2,228 3,304 5,613 8,519 3,248 3,057 3,319 3,319 4.180 8,117 18,588 26.316 TOTAL ASSETS Equity & Liabilities Equity Share capital Accumulated profits Total equity Non-current Liabilities Long-term loans Lease liability Defined benefit liability Current Liabilities Inventories Trade payables Other payables and accruals Lease liability Provision for contingent liability Total Liabilities EQUITY & LIABILITIES 529,472 279,607 268,26 6 175,749 236,63 455,356 504,89 7 2,050 1,558 600 4,208 2,860 52,503 13,590 55 900 564,61 0 69,908 74,116 529,472 2,050 2,972 600 5.622 4,780 37,202 11,154 55 900 54,091 59,713 564,61 0 Additional information 1. Included in the property, plant, and equipment are a building leased from Megalease Bhd and two silver mines located in Botswana. 2. The total assets and inventories as at 31 December 20X0 were RM560,500,000 and RM3,900,000, respectively. 3. The bonds are convertible upon maturity into 500 ordinary shares per RM1,000 at the par value of the shares. Required: a) Analyse the following ratios for Silveron Bhd for the two years ending 31 December 20X2 and 20X10: (i) Return on assets (ii) Asset turnover ratio (i) Inventory turnover ratio (iv) Current ratio (Round your answers to two decimal places)

Answer rating: 100% (QA)

i Return on Assets ROA For 20X2 ROA Profit after tax Total Assets 100 ROA 8 582 538 290 100 ROA 1 59 View the full answer