Question

Answer ALL the questions. Show your calculations.

The following data is taken from the financial statements of company Fairuz Sdn Bhd.

Based on the data below, calculate the following. Show all your calculations:

Sales	640,000
Cost of Goods Sold	380,000
Cash	30,000
Marketable Securities	40,000
Account Receivable	70,000
Inventory	150,000
Net Fixed Assets	300,000
Current Liabilities	120,000
Operating Expenses	25,000
Interest	6,000
Notes Payable	70,000
Equities : Ordinary Shares Preference Shares Retained Earnings	150,000 100,000 20,000
Tax	40%

1. Ratios:

1. Current Ratio   
2. Quick Ratio
3. Net Working Capital   
4. Average Collection Period (assume 365 days)
5. Inventory Turnover
6. Time Interest Earned
7. Gross Profit Margin
8. Net Profit Margin   
9. Operating Profit Margin

                                                           

Answer 1