MMNC Bhd has been operated in OCTO Exchange Stock Market since 2015 with trademark of solid...
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MMNC Bhd has been operated in OCTO Exchange Stock Market since 2015 with trademark of solid serve for community. The financial statements of MMNC Bhd are as follow: STATEMENT OF FINANCIAL POSITION OF MMNC BHD 1. CURRENT ASSETS: Cash Marketable securities Receivables Inventories 2. Prepaid expenses TOTAL CURRENT ASSETS: Non-current Asset Total Non-current Asset Total Asset CURRENT LIABILITIES: Payables Notes payable Accruals TOTAL CURRENT LIABILITIES: LONG TERM LIABILITIES: SHAREHOLDERS' EQUITY: Ordinary shares (@RM0.50 Retained earnings Share premium TOTAL LIABILITIES: Particulars Sales (credit 80%: cash 20%) Less: Cost of goods sold. Gross Profit Less: Selling and distribution expenses Administrative expenses Other information: Operating profits Less: Finance cost Net Profit before tax Less: Taxation Net Profits 2019 RM 27,600 12,700 60,400 48,000 2,200 150,900 302.500 453,400 43,400 6,000 3,600 73,000 52,000 250,000 63,400 15,000 453,400 2020 RM 2020 RM 42,000 28.700 73,300 52,400 3,100 199,500 298,500 498,000 STATEMENT OF COMPREHENSIVE INCOME OF MMNC HD 41,800 4,400 2,700 48,900 49,100 300,000 80,000 20,000 498,000 800,000 375,000 425,000 43,000 125.500 256,500 11,800 244,700 1st quarter in 2021 RM 73,000 171,700 14,200 28,700 64.400 47,000 154,300 279,500 433,800 13,000 4,400 17,400 19,000 300,000 60,000 20,000 433,800 1st quarter in 2021 RM 200,000 86,000 114,000 18,300 41,800 53,900 3,200 50.700 4,000 46,700 Cost of goods sold consists of opening inventories RM46,700 and closing inventories RM62,800 respectively. Assume the company taxation is 30% and all calculation based on 360 days. Please round up your answer to THREE (3) decimal points. MMNC Bhd has been operated in OCTO Exchange Stock Market since 2015 with trademark of solid serve for community. The financial statements of MMNC Bhd are as follow: STATEMENT OF FINANCIAL POSITION OF MMNC BHD 1. CURRENT ASSETS: Cash Marketable securities Receivables Inventories 2. Prepaid expenses TOTAL CURRENT ASSETS: Non-current Asset Total Non-current Asset Total Asset CURRENT LIABILITIES: Payables Notes payable Accruals TOTAL CURRENT LIABILITIES: LONG TERM LIABILITIES: SHAREHOLDERS' EQUITY: Ordinary shares (@RM0.50 Retained earnings Share premium TOTAL LIABILITIES: Particulars Sales (credit 80%: cash 20%) Less: Cost of goods sold. Gross Profit Less: Selling and distribution expenses Administrative expenses Other information: Operating profits Less: Finance cost Net Profit before tax Less: Taxation Net Profits 2019 RM 27,600 12,700 60,400 48,000 2,200 150,900 302.500 453,400 43,400 6,000 3,600 73,000 52,000 250,000 63,400 15,000 453,400 2020 RM 2020 RM 42,000 28.700 73,300 52,400 3,100 199,500 298,500 498,000 STATEMENT OF COMPREHENSIVE INCOME OF MMNC HD 41,800 4,400 2,700 48,900 49,100 300,000 80,000 20,000 498,000 800,000 375,000 425,000 43,000 125.500 256,500 11,800 244,700 1st quarter in 2021 RM 73,000 171,700 14,200 28,700 64.400 47,000 154,300 279,500 433,800 13,000 4,400 17,400 19,000 300,000 60,000 20,000 433,800 1st quarter in 2021 RM 200,000 86,000 114,000 18,300 41,800 53,900 3,200 50.700 4,000 46,700 Cost of goods sold consists of opening inventories RM46,700 and closing inventories RM62,800 respectively. Assume the company taxation is 30% and all calculation based on 360 days. Please round up your answer to THREE (3) decimal points.
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Based on the provided financial statements we can calculate the following financial ratios and figur... View the full answer
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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