4:21Tutorial 1 Financial R...i. Ability to meet maturing obligationsii. Effectiveness in managing assets and efficiency in handling operations.iii. Profitabilityiv. Ability to service debts and degree of financial riskv. Market ratiob) Comment on the performance of liquidity, activity, profitability, leverage andmarket ration for both years.Question 2As a finance executive of Maju Jaya holdings, you are required to evaluate the financialperformance of the company. The financial statements of the company are as follows:Maju HoldingsIncome Statement for the year ended 31 December 2020SalesLess: Cost of good soldGross profitLess: Selling expensesEarnings before interest and taxesLess: Interest expenseEarnings before taxLess: TaxesNet income2,450,000858,0001,592,000532,0001,060,00064,000996,000232,800763,200Maju Jaya HoldingsStatement of Financial Position as at 31 December 2020RMRM100,00080,000CashMarketable securitiesAccounts receivablePrepaid expenseInventoriesPlant and equipment (Net)50,00060,000150,000Accounts PayableAccrued expenses315,000390,000881,500Long term debtCommon stockRetained earnings550,0001,050,00066,500Total liabilities and 1,846,500equityTotal assets1,846,500Industry Average RatioCurrent ratioQuick ratioDebt ratioTimes interest earned4 timesAverage collection period2 times45%10.5 times Return on assetsInventory turnoverNet profit margin25 days2 times28%39%Based on the above statement:a) Calculate the indicated ratio for Maju Jaya Holdingsb) Evaluate the overall performance of the company according to liquidity, activity,profitability and leverage ratios. 4:21Tutorial 1 Financial R...Tutorial 1Question 1Lavender CorporationIncome Statement for the year ended 31 May2018 (RM'000)2019 (RM'000)SalesCost of goods soldGross ProfitOperating ExpensesDepreciationOperating ProfitInterest ExpenseEarnings before taxТахes75026049010080310302801101,28030098030028040090310120190Net Income170LavenderStatement of Financial Position as at 31 May2018 (RM'000)2019 (RM'000)Cash4050Account ReceivableInventoryOther Current AssetsTotal Current AssetNet Plant, Property & Equipment801402028032010016040350450Total Assets600800120Accounts payableSalaries PayableOther Current Liabilities602010602005030Total Current Liabilities100200DebenturesTotal LiabilitiesOrdinary Shares@RM1Retained earnings25030030035050150Total liabilities & Equity600800Addition information as follows:i.The market price for Lavender stock is RM15 and RM12 for year 2011 and2012 respectively.Based on the above information, you are required to:a) Calculate any two relevant financial ratio for each of the following areas todetermine the financial performance of Lavender Corporation for the 2018and 2019. The areas are as follows:i. Ability to meet maturing obligationsii.Effectiveness in managing assets and efficiency in handling operations.iii. Profitabilityiv. Ability to service debts and degree of financial riskv. Market ratiob) Comment on the performance of liquidity, activity, profitability, leverage andmarket ration for both years.Question 2As a finance executive of Maju Jaya holdings, you are required to evaluate the financialperformance of the company. The financial statements of the company are as follows:Maju HoldingsIncome Statement for the year ended 31 December 2020SalesLess: Cost ofGross profit2,450,000858,0001 592. 000| ||

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Based on the above statement: a) Calculate the indicated ratio for Maju Jaya Holdings. b) Evaluate the overall performance of the company according to liquidity, activity, profitability and leverage ratios.

Based on the above statement: a) Calculate the indicated ratio for Maju Jaya Holdings. b) Evaluate the overall performance of the company according to liquidity, activity, profitability and leverage ratios.

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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