The income statement shown for Amazon Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years and the notes payable will be rolled over.Find the firm's (in 2015):1) Current ratio2) Quick ratio3) Days sales outstanding. Assume a 365 day year for this calculation. Annual Report 2015STATEMENTS OFFINANCIAL POSITIONAS AT 31 DECEMBER 2015GroupCompany2015201420152014NoteRM'000RM'00RM'000RM'000AssetsNon-current assetsProperty, plant and equipment11234,067218,173Investment properties12640,975570,143Land held for property development133,269,2752,631,999Investment in subsidiaries144,530,9103,738,094Interests in associates15487,835149,2511,170Interests in joint ventures16la)1,143,774928,327419,517444,645Amount due from a joint venture16lb)72,69762,536Other investments17Goodwill18621,409621,409Non-current deposits193Deferred tax asset20221,044170,009169Long term receivables2354,84959,1056,745,9255,410,9554,951,7664,182,739Current assets1,578,583176,622Property development costs212,281,634Inventories22403,099Receivables231,219,5002,761,535387,694421,134Amount due from subsidiaries241,940,8331,564,035Amount due from joint ventures16lb)239,635240,284130,348154,662Short term investments25202,635Short term deposits1930,37370,9422,000Cash and bank balances19975,227668,3296,5702,1205,149,4755,698,9302,465,4452,143,951Total assets11.895.40011,109,8857,417,2116.326,690GroupCompany2015201420152014NoteRM'000RM'000RM'000RM'000Equity and liabilitiesEquity attributable to owners of the parentShare capital262,276,6432,268,7182,276,6432,268,718Share premium262,829,5462,044,9552,829,5462,044,955Merger relief reserves2634,33034,33034,33034,330Other reserves27115,43988,13055,40674,391Retained profits271,552,6021,896,699114,225203,1706,808,5606,332,8325,310,1804,625,564Non-controlling interests31360,345485,753Total equity7,168,9056,818,5855,310,1804,625,564Non-current liabilitiesBorrowings322,227,5942,119,6662,003,6111,700,575Payables3466,14371,047Deferred income35111,874113,955Provision33411,436436,432Deferred tax liabilities20204,058204,0413,021,1052,945,1412,003,6111,700,575Current liabilitiesProvisions33456,506373,072Payables34706,062584,748980551Amount due to subsidiaries241,464Amount due to a joint venture16lbl111Borrowings32522,976238,423100,976Тах рayable19,846149,8051,705,3901,346,159103,420551Total liabilities4,726,4954,291,3002,107,0311,701,126Total equity and liabilities11,895,40011,109,8857,417,2116,326,690 Annual Report 2015INCOMESTATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015GroupCompany2015201420152014NoteRM'000RM'000RM'000RM'000Revenue31,749,8662,661,674100,000140,000Cost of sales4(1,224,705)(1,859,575)Gross profit525,161802,099100,000140,000Other income117,60458,81482,17668,540Selling and distribution expenses(144,845)(89,638)Other expenses(204,843)(250,727)(53,782)(6,437)Operating profit293,077520,548128,394202,103Finance costs(73,868)(45,852)(88,685)(67,957)Share of results of associates11,81131,477Share of results of joint ventures112,019102,994Profit before zakat and income tax343,039609,16739,709134,146Zakat7(8,662)(9,556)Income tax (expensel/credit(77,387)(119,835)169(1,446)Profit for the year256,990479,77639,878132,700Attributable to:Owners of the parent257,212479,92739,878132,700Non-controlling interests(222)(151)256,990479,77639,878132,700Earnings per share attributable to ownersof the parent (sen):Basic, for profit for the year105.710.6Diluted, for profit for the year105.58.7

Current Ratio = Current Assets/Current Liabilities Quick Ratio = [Current Assets -…

The income statement shown for Amazon Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years and the notes payable will be rolled over. Find the firm's (in 2015): 1) Current ratio 2) Quick ratio 3) Days sales outstanding. Assume a 365 day year for this calculation.

The income statement shown for Amazon Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years and the notes payable will be rolled over. Find the firm's (in 2015): 1) Current ratio 2) Quick ratio 3) Days sales outstanding. Assume a 365 day year for this calculation.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 80.3C

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