Question one and Question two

QUESTION 1: (52 marks) Below are the financial figures for SMR Solutions Sdn. Bhd for 2016 and 2017. Year SMR Solutions Sdn. Bhd 2016 (RM) 2017 (RM) 11,063 Accounts payable 11,135 Amortization expenses 11,343 11,343 Cash Cost of Goods Sold Common equity Depreciation Expenses Interest Expense Inventories Long-term debt 17,140 315,330 350,000 69,090 46,835 17,100 331,500 350,000 71,390 46,835 Expense 35,015 200,000 713,900 Net fixed assets Other current liabilities 11,203 33,335 200,000 690,900 13,975 91,355 137,170 47,295 715,530 105,187 Other Expenses Other Revenues 103,690 155,710 Receivables Revenues 53,000 777,330 121,533 Taxes Based on the information, you are required to i Draw a Financial Statements for both years. Assume that today is 31 December 2017 (26 Marks) ii. Evaluate the company's performance. (26 Marks) QUESTION 2 (18 Marks) There are three fashion companies in Glenmarie City: Sofnie Trendy, Abbassy Elegance and Fayyadh Boutique. The table below shows the Income Statement and Balance Sheet for the three companies. Item Sales Sofnie Trendy RM 800,000 RM 35,000 RM 130,000 Abbassy Elegance (iv) RM 45,000 Net Income Total Assets Total Assets Turnover Net Profit margin Return on Total Assets Fayyadh Boutique (vii) (viii) RM 375,000 0.8x 5% (ix) (ii) (iii) (vi) 0.8% 4% Find the values represented by (i) to (ix) by showing your calculations