SECTION B: ANSWER ALL QUESTIONS QUESTION 3 (25 MARKS] The following table summarizes some of the key financial data for MYBIZ Company ended 31 December 2018. RM Gross profit 47,000 Sales 190,000 Variable operating expenses 19,000 Fixed operating expenses 20,000 Depreciation 4,500 Interest expense 3,000 Tax rate 35% Dividends payout ratio 20% Total Assets 112,500 Total Fixed Assets 62,000 Total current liabilities 27,500 56,250 Owner's equity (a) (b) (c) Calculate the company's cost of goods sold, [2 marks] What is the quantity sold if the company charge RM5 for each unit sold? [2 marks) How much is the total operating expenses? [2 marks] Compute the net profit. [4 marks] () Determine the retained earnings. [2 marks] (d) Page 6 of 10 COEB 442 Semester 2 2019/2020 Makeup (ii) Identify in which category of the balance sheet should the retained earnings be recorded [1 mark] Calculate and conclude the company's ability to cover it's short term debt. (4 marks) Quantify the long term debt. (0) (9)