Homework Help is Here – Start Your Trial Now!
Business
Accounting
calculated the current ratio, acid test ratio, account receivable turnover ratio, net profit margin ratio, gross profit margin ratio, asset turnover ratio, asset turnover ratio, debt ratio, debt to total assets ratio.

calculated the current ratio, acid test ratio, account receivable turnover ratio, net profit margin ratio, gross profit margin ratio, asset turnover ratio, asset turnover ratio, debt ratio, debt to total assets ratio.

Individual Income Taxes
Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 6DQ: LO.3, 4, 5 Contrast the income taxation of individuals and C corporations as to: a. Alternative...
See similar textbooks
icon
Related questions
Question

calculated the current ratio, acid test ratio, account receivable turnover ratio, net profit margin ratio, gross profit margin ratio, asset turnover ratio, asset turnover ratio, debt ratio, debt to total assets ratio. tq

pg. 63 pg. 64 Consolidated Statement of Comprehensive Income For the Financial Year ended 31 December 2020 Consolidated Statement of Comprehensive Income (Continued) For the Financial Year ended 31 December 2020 Note 2020 2019 Note 2020 2019 RM RM RM RM Revenue 4 478,280,417 546,534,805 Profit after tax attributable to: Owners of the Company 4,188,413 58,834,979 Other income 1,957,281 2,381,199 Purchase of trading merchandise, raw materials, livestocks and poultry feeds (331,978,672) (336,359,209) Total comprehensive income attributable to: Changes in closing inventories 1,583,238 3,638,326 Owners of the Company 4,170,804 58,871,164 Changes in biological assets (1,162,588) 3,335,242 Staff costs (53,829,649) (54,335,880) Earnings per ordinary share (sen): Property, plant and equipment 11 Basic 28(a) 1.43 20.02 - depreciation charge - impairment charge (22,917,420) (22,213,971) (46,335) Diluted 28(b) 1.43 20.02 Amortisation of right of use assets 12 (297,648) (282,361) Utilities expense (15,731,042) (16,604,946) Transportation expenses (14,994,601) (16,032,858) Other expenses (23,882,641) (25,479,798) Operating profit 17,026,675 84,534,214 Finance income - interest income 330,701 355,225 Finance costs 8 (6,579,955) (7,821,162) Finance costs - net (6,249,254) (7,465,937) Profit before tax 9. 10,777,421 77,068,277 Tax 10 (6,589,008) (18,233,298) Profit after tax 4,188,413 58,834,979 Other comprehensive (loss)/income: Items that will be subsequently reclassified to profit or loss - currency translation differences (15,894) 35,070 Items that will not be subsequently reclassified to profit or loss fair value changes of equity instruments classified as FVOCI (1,715) 1,115 Total other comprehensive (loss)/income (17,609) 36,185 Total comprehensive income for the financial year 4,170,804 58,871,164
Transcribed Image Text:pg. 63 pg. 64 Consolidated Statement of Comprehensive Income For the Financial Year ended 31 December 2020 Consolidated Statement of Comprehensive Income (Continued) For the Financial Year ended 31 December 2020 Note 2020 2019 Note 2020 2019 RM RM RM RM Revenue 4 478,280,417 546,534,805 Profit after tax attributable to: Owners of the Company 4,188,413 58,834,979 Other income 1,957,281 2,381,199 Purchase of trading merchandise, raw materials, livestocks and poultry feeds (331,978,672) (336,359,209) Total comprehensive income attributable to: Changes in closing inventories 1,583,238 3,638,326 Owners of the Company 4,170,804 58,871,164 Changes in biological assets (1,162,588) 3,335,242 Staff costs (53,829,649) (54,335,880) Earnings per ordinary share (sen): Property, plant and equipment 11 Basic 28(a) 1.43 20.02 - depreciation charge - impairment charge (22,917,420) (22,213,971) (46,335) Diluted 28(b) 1.43 20.02 Amortisation of right of use assets 12 (297,648) (282,361) Utilities expense (15,731,042) (16,604,946) Transportation expenses (14,994,601) (16,032,858) Other expenses (23,882,641) (25,479,798) Operating profit 17,026,675 84,534,214 Finance income - interest income 330,701 355,225 Finance costs 8 (6,579,955) (7,821,162) Finance costs - net (6,249,254) (7,465,937) Profit before tax 9. 10,777,421 77,068,277 Tax 10 (6,589,008) (18,233,298) Profit after tax 4,188,413 58,834,979 Other comprehensive (loss)/income: Items that will be subsequently reclassified to profit or loss - currency translation differences (15,894) 35,070 Items that will not be subsequently reclassified to profit or loss fair value changes of equity instruments classified as FVOCI (1,715) 1,115 Total other comprehensive (loss)/income (17,609) 36,185 Total comprehensive income for the financial year 4,170,804 58,871,164
pg. 66 pg. 67 Consolidated Statement of Financial Position Consolidated Statement of Financial Position (Continued) As at 31 December 2020 As at 31 December 2020 Note 2020 2019 Note 2020 2019 RM RM RM RM ASSETS LIABILITIES NON-CURRENT ASSETS NON-CURRENT LIABILITIES Property, plant and equipment 11 373,605,154 348,472,707 Bank borrowings 23 52,178,042 45,322,688 Right-of-use assets 12 5,106,469 5,127,342 Hire purchase payables 24 9,245,774 12,910,416 Goodwill arising on consolidation 13 102,424 102,424 Lease liabilities 25 3,341,633 3,354,458 Equity instruments classified as FVOCI 15 6,740 8,455 Deferred tax liabilities 26 33,444,068 33,139,428 Deferred tax assets 26 448,699 158,021 98,209,517 94,726,990 Prepayment for purchase of property, plant and equipment 18 3,720,849 CURRENT LIABILITIES 382,990,335 353,868,949 CURRENT ASSETS Trade and other payables 27 54,577,784 58,424,649 Bank borrowings 23 122,010,629 94,313,230 Biological assets 16 55,691,491 56,854,079 Hire purchase payables 24 6,354,451 7,548,626 Inventories 17 48,195,713 46,612,475 Lease liabilities 25 232,150 172,116 Trade and other receivables 18 53,401,183 62,517,609 Tax payable 1,540,340 732,733 Tax recoverable 5,761,800 1,594,218 184,715,354 161,191,354 Cash and bank balances 19 44,918,529 41,101,083 TOTAL LIABILITIES 282,924,871 255,918,344 207,968,716 208,679,464 TOTAL EQUITY AND LIABILITIES 590,959,051 562,548,413 TOTAL ASSETS 590,959,051 562,548,413 EQUITY AND LIABILITIES EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY Share capital 20 60,011,036 60,001,654 Treasury shares 21 (8,345,642) (8,345,642) Other reserves 22 (25,043,907) (25,188,738) Retained earnings 281,412,693 280,162,795 TOTAL EQUITY 308,034,180 306,630,069
Transcribed Image Text:pg. 66 pg. 67 Consolidated Statement of Financial Position Consolidated Statement of Financial Position (Continued) As at 31 December 2020 As at 31 December 2020 Note 2020 2019 Note 2020 2019 RM RM RM RM ASSETS LIABILITIES NON-CURRENT ASSETS NON-CURRENT LIABILITIES Property, plant and equipment 11 373,605,154 348,472,707 Bank borrowings 23 52,178,042 45,322,688 Right-of-use assets 12 5,106,469 5,127,342 Hire purchase payables 24 9,245,774 12,910,416 Goodwill arising on consolidation 13 102,424 102,424 Lease liabilities 25 3,341,633 3,354,458 Equity instruments classified as FVOCI 15 6,740 8,455 Deferred tax liabilities 26 33,444,068 33,139,428 Deferred tax assets 26 448,699 158,021 98,209,517 94,726,990 Prepayment for purchase of property, plant and equipment 18 3,720,849 CURRENT LIABILITIES 382,990,335 353,868,949 CURRENT ASSETS Trade and other payables 27 54,577,784 58,424,649 Bank borrowings 23 122,010,629 94,313,230 Biological assets 16 55,691,491 56,854,079 Hire purchase payables 24 6,354,451 7,548,626 Inventories 17 48,195,713 46,612,475 Lease liabilities 25 232,150 172,116 Trade and other receivables 18 53,401,183 62,517,609 Tax payable 1,540,340 732,733 Tax recoverable 5,761,800 1,594,218 184,715,354 161,191,354 Cash and bank balances 19 44,918,529 41,101,083 TOTAL LIABILITIES 282,924,871 255,918,344 207,968,716 208,679,464 TOTAL EQUITY AND LIABILITIES 590,959,051 562,548,413 TOTAL ASSETS 590,959,051 562,548,413 EQUITY AND LIABILITIES EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY Share capital 20 60,011,036 60,001,654 Treasury shares 21 (8,345,642) (8,345,642) Other reserves 22 (25,043,907) (25,188,738) Retained earnings 281,412,693 280,162,795 TOTAL EQUITY 308,034,180 306,630,069
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Individual Income Taxes
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SWFT Corp Partner Estates Trusts
SWFT Corp Partner Estates Trusts
Accounting
ISBN:
9780357161548
Author:
Raabe
Publisher:
Cengage
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
SEE MORE TEXTBOOKS