Question 5 TM Sdn Bhd and JE Sdn Bhd each carry on business as wholesalers of the same product. Their financial statements for the year ended 31 December 2019 are summarised below: Statement of comprehensive income for the year ended 31 December 2019. TM Sdn Bhd JE Sdn Bhd RM000 RM000 RM000 RM000 Sales 3,600 4,350 Cost of goods sold (2,700) (3,480) Gross Profit 900 870 Expenses: Administration 450 450 Interest - 30 Selling 150 600 190 670 Net profit before tax 300 200 Tax 120 90 Net profit after tax 800 110 Dividends 45 60 Retained profit 135 50 7/- 7 Statement of financial position as at 31 December 2019. TM Sdn Bhd JE Sdn Bhd RM000 RM000 RM000 RM000 Non-current assets 1,200 960 Current assets Stock 825 485 Accounts receivable 900 750 Bank 75 1,800 5 1,240 Total asses 3,000 2,200 7/- Share capital and reserves Share capital 1,500 500 Reserves 7335 270 10% debenture 300 Current liabilities Bank Overdraft - 80 Accounts payable 765 765 1,050 1,130 3,000 2,200 Required: Using the above information, calculate: a. Profit margin ratio. (4 marks) b. Return on assets. (4 marks) c. Stock turnover. (4 marks) d. Accounts receivable turnover in days. (4 marks) e. Current ratio. (4 marks)