Secret Recipe Cakes and Caf Bhd is a Malaysian halal-certified caf chain company established since 1997....

 

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Secret Recipe Cakes and Café Bhd is a Malaysian halal-certified café chain company established since 1997. Since its establishment, Secret Recipe has expanded to over 440 cafés throughout Asia. The following book-value balance sheet for Secret Recipe Cakes and Café Bhd. The common stock sells for RM21.00 per share and has a beta of 0.8. There are 1 million common share outstanding. The preferred stock currently sells for RM16.00 and pay dividend of RM2.50 per share. Assuming the market risk premium is 10%, the treasury bill is 5% and the firm's tax rate is 40% Kunci Kira-Kira bagi Tahun Kewangan 2017 Balance Sheet for Financial Year 2017 (RM, Juta/million) Aset/Assets Tunai dan Sekuriti jangka pendek/Cash and Short Term securities Akaun Penghutang/Account Receivable Inventori/Inventories Bangunan dan Peralatan/Plant and equipment Jumlah Aset/Total Assets Liabiliti dan Ekuiti/Liabilities and Equity Bon Korporat/Corporate Bonds (Kadar Kupon: 8% setiap tahun; Matang: 10 tahun; YTM: 9%) (Coupon interest: 8% annually: Maturity: 10 years, YTM: 996) Saham Keutamaan/Preferred Stock (Nilai Muka/Par value: RM20 sesaham/per share) Saham Umum/Common Stock (Nilai Muka/Par value: RM0.10) Ekuiti pemegang saham tambahan/ Additional Paid-up stockholder's equity Pendapatan Terkumpul/Retain Earning Jumlah Liabiliti dan Ekuiti/Total Liabilities and Equity (a) Apakah nisbah hutang kepada nilai syarikat itu? What is the market debt-to-value ratio of the firm? (b) Kirakan WACC untuk Secret Recipe Cakes and Café Bhd. Compute the WACC for Secret Recipe Cakes and Café Bhd. RM1 RM3 RM7 RM21 RM32 CIC 2001 RM10 RM2 RMOT RM9.9 RM10 RM32 (15 markah/marks) (5 markah/marks) Secret Recipe Cakes and Café Bhd is a Malaysian halal-certified café chain company established since 1997. Since its establishment, Secret Recipe has expanded to over 440 cafés throughout Asia. The following book-value balance sheet for Secret Recipe Cakes and Café Bhd. The common stock sells for RM21.00 per share and has a beta of 0.8. There are 1 million common share outstanding. The preferred stock currently sells for RM16.00 and pay dividend of RM2.50 per share. Assuming the market risk premium is 10%, the treasury bill is 5% and the firm's tax rate is 40% Kunci Kira-Kira bagi Tahun Kewangan 2017 Balance Sheet for Financial Year 2017 (RM, Juta/million) Aset/Assets Tunai dan Sekuriti jangka pendek/Cash and Short Term securities Akaun Penghutang/Account Receivable Inventori/Inventories Bangunan dan Peralatan/Plant and equipment Jumlah Aset/Total Assets Liabiliti dan Ekuiti/Liabilities and Equity Bon Korporat/Corporate Bonds (Kadar Kupon: 8% setiap tahun; Matang: 10 tahun; YTM: 9%) (Coupon interest: 8% annually: Maturity: 10 years, YTM: 996) Saham Keutamaan/Preferred Stock (Nilai Muka/Par value: RM20 sesaham/per share) Saham Umum/Common Stock (Nilai Muka/Par value: RM0.10) Ekuiti pemegang saham tambahan/ Additional Paid-up stockholder's equity Pendapatan Terkumpul/Retain Earning Jumlah Liabiliti dan Ekuiti/Total Liabilities and Equity (a) Apakah nisbah hutang kepada nilai syarikat itu? What is the market debt-to-value ratio of the firm? (b) Kirakan WACC untuk Secret Recipe Cakes and Café Bhd. Compute the WACC for Secret Recipe Cakes and Café Bhd. RM1 RM3 RM7 RM21 RM32 CIC 2001 RM10 RM2 RMOT RM9.9 RM10 RM32 (15 markah/marks) (5 markah/marks)

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