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

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
icon
Related questions
Question
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
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting Policies, Changes in Accounting Estimates and Errors
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education