Question 2The following are financial statements of AR Sdn Bhd.AR Sdn Bhd Income Statement for the year ended 31/12/2015RMRMRMSales18600R/Inward(440)Net Sales18160COGSOpening stockPurchase377611556-R/Owards(355)11201+carriage inwards2341143515211-Closing stockCOGS(4998)(10213)GROSS PROFIT7947Other incomeInterest Received8628809(-) ExpensesCarriage O/wardMotor expenses326664Discount allowed526Rent576Sundry expensesSalaries & wages12082447(5747)3062Net Profit□ ㅇ|l> AR Sdn BhdBalance Sheet as at 31/12/2015Non-current assetMV3270FF18065076Current assetStock4998Debtor4577Cash in hand312012695TOTAL ASSETS17771Current LiabilitiesOverdraft870Creditors30453915EquityCapital12844Profit3062Drawing(2050)13856TOTAL LIABILITIES &17771EQUITYRequired:You are required to analyse and comments the above financial statements by using the RatioAnalysis□ ㅇ|l>

Ratio is the relationship between two terms which is expressed in arithmatical term. It can be…

Answered: The following are financial statements…

The following are financial statements of AR Sdn Bhd. AR Sdn Bhd Income Statement for the vear ended 31/12/2015 RM RM RM Sales 18600 RInward (440) Net Sales 18160 COGS Opening stock 3776

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 53E: Exercise 1-53 Relationships Among the Financial Statements During 2019, Moore Corporation paid...

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Question 2:The following is the trial balance of Muti Tech Limited as at December 31, 2006.Paid-up share capital10,00,0005,00,000Share premiumNet income January 1, 200610% Debentures payable 20107,00,0006,00,000Piant and assets39,00,000Accumulated DepreciationMerchandise inventory4,60,0008,80,000Accounts receivableAccounts payable4,20,0003,60,000Purchases and sales36,50,00065,40,0005,00,00070,000Administrative salariesSales salariesDirectors remunerationAdvertising expensesCarriage outwardsUtility expenses1,60,0002,80,0001,00,0003,00,000Bank overdraft1,00,0001,02,60,000 1,02,60,000Additional Information:The paid-up share capital consists of 100,000 shares of Rs. 10 each.Merchandise inventory at December 31, 2006 was Rs. 500,000.Estimated tax on the profit of the company for the year is Rs. 1,50,000. The directorsa.b.have proposed final dividend of 10% on the ordinary share capital.d. Depreciation is provided at 10 percent per annum on plant and assets. Allowance forbad debts is to be…
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