- QUESTION Below are the financial stations for ABC SBS 31 December 2020 The is applying for a loan from Bank Inder to evaluate the cas policial de the bank would like to compare the ABCD Sed percase with STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 3020 Cash 20.000 Accountable 10.000 Marketable 38.000 Accadexp 20.000 Accortecciables 50.000 TX 37.000 Prepaid expenses 22.000 Leder 000 vy 65.00 Cm Sack 13.000 Niet bang 30.000 Retained 70,000 299.00 293.000 BATON TERCES 3 11 2 22. 27 INCOME STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Sales Cost of good sold Gross Profit Selling Expenses Earning Before Interest and Tax Interest Expense Farming Before Tax Tax Expenses Pront After Tax 160.000 55.000 105.000 30.000 75,000 8.200 66.800 25.520 41,280 nt ratio Quick ratio Debt ratio Time interest earned INDUSTRY AVERAGE RATIO 165 X Average collection period 1.32 Inventory turnover 40% Rehim on assets 79 Net profit 160 Days 1.30 9569 sead M MATERIOR e > Based on the given financial statements a) Compute the indicates ratiosas listed in incestry average ratio for ABCD Sdn Bhd b) Analyse the overall performance of the company according to liquidity, activity profitability and leverage ratios (30 Marks