The following are the financial statements for Cat Enterprise for financial year ended 31 December 2017....
The following are the financial statements for Cat Enterprise for financial year ended 31 December 2017.
Cat Enterprise
Statement of Profit or Loss and other Comprehensive Income for the year ended 31 December 2017
|
RM |
RM |
RM |
|
|
Sales |
64,600 |
||
|
Less: Cost of Goods Sold |
|||
|
Opening inventories |
6,500 |
||
|
Purchases |
32,500 |
||
|
(-) Return outwards |
(1,300) |
31,200 |
|
|
37,700 |
|||
|
(-) Closing inventories |
(8,550) |
||
|
Cost of Sales |
29,150 |
||
|
Gross Profit |
35,450 |
||
|
Less: Expenses |
10,595 |
||
|
Net Profit |
24,855 |
Statement of Financial Position as at 31 December 2017
|
RM |
||
|
NON-CURRENT ASSETS |
||
|
Motor Vehicles |
86,000 |
|
|
Fixtures and Fittings |
15,600 |
|
|
101,600 |
||
|
CURRENT ASSETS: |
||
|
Inventories |
8,550 |
|
|
Account Receivables |
14,040 |
|
|
Cash in bank |
20,735 |
43,325 |
|
144,925 |
||
|
FINANCED BY: |
||
|
Capital |
105,250 |
|
|
(+) Net Profit |
24,855 |
130,105 |
|
CURRENT LIABILITIES |
||
|
Account Payable |
14,820 |
|
|
144,925 |
Required:
- Explain THREE (3) purposes of ratio analysis.
- Based on information given above, calculate and give comments on the following ratios for Cat Enterprise.
- Gross profit margin
- Net profit margin
- Inventory turnover ratio
- Current ratio
- Quick ratio or Acid-test ratio
- Average Collection Period
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The following are the financial statements for Cat Enterprise
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