Given below the Income Statement for the year ended 30 December 2020 Sales revenue RM 900,500 Cost of goods sold (370,000) Gross profit 530,500 Operating expenses (498,000) Net profit 32,500 Average inventories was RM215,000 Compute the followings Gross profit margin Inventory turnover ratio Net profit margin (12 marks) Based on the ratio computed above, what is your opinion towards the company financial position (1 marks) Acid test ratio 1 08 indicates that company has rm1 08 of liquid asset available to cover each rm1 00 of its current liabilities Given below the Income Statement for the year ended 30 December 2020 Sales revenue RM 900,500 Cost of goods sold (370,000) Gross profit 530,500 Operating expenses (498,000) Net profit 32,500 Average inventories was RM215,000 Compute the followings Gross profit margin Inventory turnover ratio Net profit margin (12 marks) Based on the ratio computed above, what is your opinion towards the company financial position (1 marks) Acid test ratio 1 08 indicates that company has rm1 08 of liquid asset available to cover each rm1 00 of its current liabilities Given below the Income Statement for the year ended 30 December 2020 Sales revenue RM 900,500 Cost of goods sold (370,000) Gross profit 530,500 Operating expenses (498,000) Net profit 32,500 Average inventories was RM215,000 Compute the followings Gross profit margin Inventory turnover ratio Net profit margin (12 marks) Based on the ratio computed above, what is your opinion towards the company financial position (1 marks) Acid test ratio 1 08 indicates that company has rm1 08 of liquid asset available to cover each rm1 00 of its current liabilities Given below the Income Statement for the year ended 30 December 2020 Sales revenue RM 900,500 Cost of goods sold (370,000) Gross profit 530,500 Operating expenses (498,000) Net profit 32,500 Average inventories was RM215,000 Compute the followings Gross profit margin Inventory turnover ratio Net profit margin (12 marks) Based on the ratio computed above, what is your opinion towards the company financial position (1 marks) Acid test ratio 1 08 indicates that company has rm1 08 of liquid asset available to cover each rm1 00 of its current liabilities

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Question: Given below the Income Statement for the year ended 30 December 2020: Sales revenue RM 900,500 Cost of goods sold (370,000) Gross profit 530,500 Operating

Given below the Income Statement for the year ended 30 December 2020:

Sales revenue	RM 900,500
Cost of goods sold	(370,000)
Gross profit	530,500
Operating expenses	(498,000)
Net profit	32,500

Average inventories was RM215,000.

Compute the followings:

Gross profit margin
Inventory turnover ratio
Net profit margin

(12 marks)

Based on the ratio computed above, what is your opinion towards the company financial position?

(1 marks)

Acid test ratio 1.08 indicates that company has rm1.08 of liquid asset available to cover each rm1.00 of its current liabilities

Given below the Income Statement for the year ended 30 December 2020:

Sales revenue	RM 900,500
Cost of goods sold	(370,000)
Gross profit	530,500
Operating expenses	(498,000)
Net profit	32,500

Average inventories was RM215,000.

Compute the followings:

Gross profit margin
Inventory turnover ratio
Net profit margin

(12 marks)

Based on the ratio computed above, what is your opinion towards the company financial position?

(1 marks)

Acid test ratio 1.08 indicates that company has rm1.08 of liquid asset available to cover each rm1.00 of its current liabilities

Given below the Income Statement for the year ended 30 December 2020:

Sales revenue	RM 900,500
Cost of goods sold	(370,000)
Gross profit	530,500
Operating expenses	(498,000)
Net profit	32,500

Average inventories was RM215,000.

Compute the followings:

Gross profit margin
Inventory turnover ratio
Net profit margin

(12 marks)

Based on the ratio computed above, what is your opinion towards the company financial position?

(1 marks)

Acid test ratio 1.08 indicates that company has rm1.08 of liquid asset available to cover each rm1.00 of its current liabilities

Given below the Income Statement for the year ended 30 December 2020:

Sales revenue	RM 900,500
Cost of goods sold	(370,000)
Gross profit	530,500
Operating expenses	(498,000)
Net profit	32,500

Average inventories was RM215,000.

Compute the followings:

Gross profit margin
Inventory turnover ratio
Net profit margin

(12 marks)

Based on the ratio computed above, what is your opinion towards the company financial position?

(1 marks)

Acid test ratio 1.08 indicates that company has rm1.08 of liquid asset available to cover each rm1.00 of its current liabilities

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