QUESTION 2 (JUNE 2015, QUESTION 4B) ALIA SDN BHD Balance Sheet as at 31 December 2013...

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QUESTION 2 (JUNE 2015, QUESTION 4B) ALIA SDN BHD Balance Sheet as at 31 December 2013 (RM'000) Cash 100 Account Payable 220 Marketable Securities 130 Taxes Accruals 100 Account Receivable 150 Notes Payable 300 Inventories 320 Common share 470 Net Fixed Assets 850 Long term debt 310 Retained earnings 150 TOTAL ASSETS 1550 TOTAL LIABILITIES & EQUITY 1550 Alia Sdn. Bhd is trying to do profit planning. The company net income and dividend was RM500,000 and RM200,000 respectively. The expected sales was RM15 million and current sales were RM10 million. Alia Sdn. Bhd. operating at full capacity. Prepare pro-forma balance sheet and required financing absorbed by notes payables. (8 marks) QUESTION 2 (JUNE 2015, QUESTION 4B) ALIA SDN BHD Balance Sheet as at 31 December 2013 (RM'000) Cash 100 Account Payable 220 Marketable Securities 130 Taxes Accruals 100 Account Receivable 150 Notes Payable 300 Inventories 320 Common share 470 Net Fixed Assets 850 Long term debt 310 Retained earnings 150 TOTAL ASSETS 1550 TOTAL LIABILITIES & EQUITY 1550 Alia Sdn. Bhd is trying to do profit planning. The company net income and dividend was RM500,000 and RM200,000 respectively. The expected sales was RM15 million and current sales were RM10 million. Alia Sdn. Bhd. operating at full capacity. Prepare pro-forma balance sheet and required financing absorbed by notes payables. (8 marks)