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The data below are based on the financial statements of Gomen Sdn Bhd for the...

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Accounting

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The data below are based on the financial statements of Gomen Sdn Bhd for the year ended 31 December 2021. Creditors RM100000, Debtors RM190000, Short term investment RMB0000, Cash and bank RM3000, Land, buildings and equiments RM670000, Sales RM1100000, Long-term Loan RM577000, Inventory RM50000, Owners Equity (1 Jan 2021) RM413000, Income Taxes RM 226000 , Cost of sales RM585000, Selling and Administration Expenses RM260000, Research Development Expense RM98000, Interest Expense RM42000, Depreciation RM36000. Q1. Calculate GROSS PROFIT. Format : 646000 Q2. Calculate NET PROFIT After Tax. Format: 593000 Q3. Calculate the TOTALASSETS. Format : 947000 Q4. Calculate the TOTAL LIABILITIES. Format : 567000 Q6. Calculate DEBT RATIO. Format: 0.26 Q7. Calculate TOTAL ASSETS TURNOVER RATIO. Format: 9.83 Q8. Calculate QUICK RATIO. Format : 5.77

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