Question: How to Answer this question BALANCE SHEET 2013 2012 ASSET CASH 25,000.00 40,000.00 SHORT TERM INVESTMENT 15,000.00 | 80,000.00 ACCOUNT RECEIVABLE(NET)|| 50,000.00 30,000.00 INVENTORY 50,000.00

 How to Answer this question BALANCE SHEET 2013 2012 ASSET CASH

How to Answer this question

BALANCE SHEET 2013 2012 ASSET CASH 25,000.00 40,000.00 SHORT TERM INVESTMENT 15,000.00 | 80,000.00 ACCOUNT RECEIVABLE(NET)|| 50,000.00 30,000.00 INVENTORY 50,000.00 70,000.00 TOTAL CURRENT ASSET 140,000.00 220,000.00 PPE (NET) 260,000.00 300,000.00 TOTAL ASSET 400,000.00 520,000.00 INCOME STATEMENT 2012 2011 Sales revenue $6,336.30 $5,790.40 Costs and expenses Cost of goods sold 1,617.40 1,476.30 Selling and administrative expenses 4,007.60 3,679.00 Interest expense 13.9 27.1 Total costs and expenses 5,638.90 5,182.40 Income before income taxes 697.4 608 Income tax expense 291.3 232.6 Net income $406.10 $375.40 LIABILITIES AND STOCKHOLDER LIABILITIES ACCOUNT PAYABLE 20,000.00 30,000.00 SHORT-TERM NOTES PAYABLE 30,000.00 90,000.00 BOND PAYABLE 90,000.00 160,000.00 TOTAL CURRENT LIABILITIES 140,000.00 280,000.00 EQUITY COMMON STOCK 150,000.00 150,000.00 RETAINED EARNING 110,000.00 70,000.00 TOTAL LIABILITIES & EQUITY | 400,000.00 500,000.00 Additional Information: 1) Cash dividends of RM23,000 were declared and pold in 2013. in) Weighted average number of shares of common stock outstanding during 2013 was 30,000 shares 21 - 620 K. W) Market value of common stock on December 31, 2013, was RM21 per share. Using the financial statements and additional Information, compute the following ratios for Salihan Sdn. Bhd. for 2013. Show all computations : a) Current ratio b) Acid-test ratio. c) Receivables tumover d) Profit margin .) Day in Inventory

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