You have been asked by your CEO to evaluate, analyse and calculate commonly used ratios relating to a companys profitability, liquidity, solvency and management efficiency.

Requirement:

1. Complete the balance sheet and sales data (fill in the blanks), using the following financial data:

Debt/net worth 60%

Acid test ratio 1.2

Asset turnover 1.5 times

Day sales outstanding in accounts receivable 40 days

Gross profit margin 30%

Inventory turnover 6 times

Balance sheet

Cash ________ Accounts payable ________

Accounts receivable ________ Common stock RM15,000

Inventories ________ Retained earnings RM22,000

Plant & equipment ________

Total assets ________ Total liabilities ________

& capital

Sales ________

Cost of goods sold ________