QUESTION 2 (

Given below the Financial Statement of Rezeki Sdn Bhd for the year ended 31 December 2020 and 2019:

Rezeki Sdn Bhd

Statement of Financial Position as at 31 December 2020 and 2019

	2020 (RM)	2019 (RM)
Cash	21,000	18,000
Accounts receivable, net	31,000	35,000
Inventory	53,000	25,000
PP&E, net	120,000	90,000
Total assets	225,000	168,000
Accounts payable	4,000	6,000
Accrued liabilities	2,000	1,000
Long-term notes payable	84,000	90,000
Total liabilities	90,000	97,000
Ordinary shares	30,000	2,000
Retained earnings	113,000	74,000
Treasury shares	(8,000)	(5,000)
Total stockholders equity	135,000	71,000
Total liabilities and stockholders equity	225,000	168,000

Additional Information:

1. Net Credit Sales is RM 240,000
2. Cost of Goods Sold is RM110,000

Required:

Calculate the following ratios for 2020:

1. Current ratio

2. Inventory turnover

3. Account receivables turnover

4. Return on assets ratio

5. Asset turnover ratio