You are the finance manager of RotiTalk, a company running a fairly profitable chain of bakery businesses
Question:
You are the finance manager of RotiTalk, a company running a fairly profitable chain of bakery businesses in Singapore. Your boss, Mr Rok, a typical Chinese businessman who co-owns the company with his homemaker wife for the last 20 years, has always harboured the thought of listing the company one day. He claimed that he will be "super-rich" and will not need to work anymore if he can publicly list RotiTalk in the stock exchange.
With the IPO goal in mind, he works very hard and for very long hours to make sure the company grows over the years and most importantly, makes profits. For the financial year ending in 2019, the company has finally crossed the one-million-dollar profit goal that Mr Rok have set his sight when he started the company. The following is the latest audited financial highlights of RotiTalk. (attached as image )