Good Truck Berhad Balance Sheets as at 31 December 2019 (RM in millions) Assets Liabilities and EquitiesCash 140 Accounts payable 1,120Accounts rec. 780 Long-term debt 1,210Inventory 1,520 Common stock 3,000Total 2,440 Retained earnings 710Net fixed assets 3,600Total assets 6,040 Total liabilities & equity 6,040 You are required to calculate: a. Current ratiof. Debt ratio b. Quick ratio
Good Truck Berhad Balance Sheets as at 31 December 2019 (RM in millions) Assets Liabilities and EquitiesCash 140 Accounts payable 1,120Accounts rec. 780 Long-term debt 1,210Inventory 1,520 Common stock 3,000Total 2,440 Retained earnings 710Net fixed assets 3,600Total assets 6,040 Total liabilities & equity 6,040 You are required to calculate: a. Current ratiof. Debt ratio b. Quick ratio
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
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Good Truck Berhad
Balance Sheets as at 31 December 2019
(RM in millions)
Assets Liabilities and Equities
Cash 140 Accounts payable 1,120
Accounts rec. 780 Long-term debt 1,210
Inventory 1,520 Common stock 3,000
Total 2,440 Retained earnings 710
Net fixed assets 3,600
Total assets 6,040 Total liabilities & equity 6,040
You are required to calculate:
a. Current ratio
f. Debt ratio
b. Quick ratio
g. Time Interest Earned
c. Net working capital ratio
h. Net profit margin ratio
d. Average collection period
i. Return on Assets
e. Inventory turnover
j. Return on Equities
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