Good Truck Berhad Income Statement for The Year ending 31 Dec 2019 (RM in millions)Net sales 8,450Less: Cost of goods sold 7,240Less: Depreciation 400Earnings before interest and taxes 810Less: Interest paid 70Taxable Income 740Less: Taxes 259Net income 481 Good Truck Berhad Balance Sheets as at 31 December 2019 (RM in millions) Assets Liabilities and EquitiesCash 140 Accounts payable 1,120Accounts rec. 780 Long-term debt 1,210Inventory 1,520 Common stock 3,000Total 2,440 Retained earnings 710Net fixed assets 3,600Total assets 6,040 Total liabilities & equity 6,040 You are required to calculate: f. Debt ratiog. Time Interest Earnedh. Net profit margin ratio d. Average collection periodi. Return on Assets e. Inventory turnoverj. Return on Equities
Good Truck Berhad Income Statement for The Year ending 31 Dec 2019 (RM in millions)Net sales 8,450Less: Cost of goods sold 7,240Less: Depreciation 400Earnings before interest and taxes 810Less: Interest paid 70Taxable Income 740Less: Taxes 259Net income 481 Good Truck Berhad Balance Sheets as at 31 December 2019 (RM in millions) Assets Liabilities and EquitiesCash 140 Accounts payable 1,120Accounts rec. 780 Long-term debt 1,210Inventory 1,520 Common stock 3,000Total 2,440 Retained earnings 710Net fixed assets 3,600Total assets 6,040 Total liabilities & equity 6,040 You are required to calculate: f. Debt ratiog. Time Interest Earnedh. Net profit margin ratio d. Average collection periodi. Return on Assets e. Inventory turnoverj. Return on Equities
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Good Truck Berhad
Income Statement for The Year ending 31 Dec 2019
(RM in millions)
Net sales 8,450
Less: Cost of goods sold 7,240
Less: Depreciation 400
Earnings before interest and taxes 810
Less: Interest paid 70
Taxable Income 740
Less: Taxes 259
Net income 481
Good Truck Berhad
Balance Sheets as at 31 December 2019
(RM in millions)
Assets Liabilities and Equities
Cash 140 Accounts payable 1,120
Accounts rec. 780 Long-term debt 1,210
Inventory 1,520 Common stock 3,000
Total 2,440 Retained earnings 710
Net fixed assets 3,600
Total assets 6,040 Total liabilities & equity 6,040
You are required to calculate:
f. Debt ratio
g. Time Interest Earned
h. Net profit margin ratio
d. Average collection period
i. Return on Assets
e. Inventory turnover
j. Return on Equities
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