The following balances were extracted from the books of Billion Precision for the year ended 31 December 2020.   Dr (RM) Cr (RM) Land 500 000   Building 200 000   Motor Vehicles 120 000   Plant & machinery 70 000   Profit b/f as at 01.01.2020   237 650 Capital   438 000 Acc depreciation as at 1.1.2020     Building   60 000 Motor Vehicles   69 250 Plant & machinery   40 000 Returns 3 600 4 100 Revenue   800 000 Purchases 400 000   Discounts 5 000   Carriage inwards 7 700   Opening inventory 52 000   Provision for bad debts   2 000 Trade receivable / Trade payable 66 000 43 200 Advertising 18 000   Staff training cost 4 000   Bad debts 12 500   Motor expenses 27 000   Rental 90 000   Bank   7 600 Wages & Salaries 126 000   Grand Total 1 701 800 1 701 800 Additional information: i. The provision for bad debts should be 4% of trade receivables. ii. Depreciation is to be charged as follows: -Buildings 2% on cost. -Plant and machinery 20% on cost. -Vehicles 25% on cost. iii. The closing inventories is valued at RM57,000. Required: Prepare a 10-column worksheet based on information above. END OF QUESTION

The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 14,403 $18,955 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Check b. Return on Assets Ratio $ Numerator Denominator / $ Denominator / $ || Result Result

The following information was extracted from the records of Lodh Ltd for the year ended 30 June 2021.   Lodh LTD Statement of financial position (extract) As at 30 June 2021 Relevant Assets         Accounts Receivable   $50,000     Allowance for doubtful debts   (4,000) $46,000   Prepaid rent     42,000   Plant   200,000     Accumulated depreciation – Plant (25% on cost)   (50,000) 150,000 DTA beginning balance   1,000   …       Relevant Liabilities       Interest Payable     2,000 Provision for long service leave     10,000 Unearned revenue     20,000 DTL beginning balance     5,000 …         Additional information ·                The tax depreciation for plant is considered at 30% of $200,000 (original cost) at 30 June 2021. ·                Long service leave has not been taken by any employee during the year. ·                There…

Calculate the asset efficiency - receivables, inventory, fixed asset and total asset turnover ratios