Question 4 Question 4 (Continued) Additional information: Gergasi Sdn. Bhd. has presented the following financial statements for your advice: 1. Profit for the year amounted RM90,000. Statement of financial position as at 30 June 2021 RM 2020 RM 2. Depreciation charge for the year on property, plant and equipment amounting to RM16,000 is included in Administrative expenses. Non-current assets Property, plant and equipment 500,000 402,500 3. An asset with a cost of RM50,000 and accumulated depreciation of RM40,000 was disposed of at a loss of RM4,000. Required: Current assets Inventories Trade receivables Other prepayments Fixed deposits Cash in hand (a) Compute the following ratios for Gergasi Sdn. Bhd. as at 30 June 2020 and 30 June 2021: 25,000 65,000 14,000 16,500 12,500 133,000 28,750 57,500 12,250 19,500 9,000 127,000 (i) Current ratio; (3 marks) (ii) Quick ratio. (3 marks) (b) Total assets 633,000 529.500 Prepare an extract of the statement of cash flows of Gergasi Sdn. Bhd. for the year ended 30 June 2021 in accordance with IAS 7 Statement of cash flows, showing the cash flows from/ (used in) investing activities and financing activities. (11 marks) Equity and liabilities Share capital Retained earnings 495,000 58,500 553,500 412,500 38,000 450,500 Non-current liabilities Debentures 25,000 42,500 Current liabilities Trade payables Bank overdraft Dividend payables Tax payables 27,000 16,000 2,000 13,750 8,750 2,500 11,500 36,500 79,000 9,500 54,500 79,500 984 Total liabilities Total equity and liabilities 633,000 529,500