The data below are based on the financial statements of JJ Sdn Bhd for the...
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Accounting
The data below are based on the financial statements of JJ Sdn Bhd for the year ended 31 December 2018. Item Amount Accounts and Notes Payable 80000 Accounts receivable 150000 30000 Prepaid insurance Cash and cash equivalents 170000 Land, Buildings and Machines 840000 Sales 1900000 Long-term Loan 450000 Inventory 51000 Total Owners' Equity X Income Taxes 270000 Cost of Sales 600000 Selling and Admin Expenses 150000 Research Expenses 50000 Interest Expense 30000 Depreciation 47000 Calculate the following and interpret your calculated figures: (Hint: Prepare the Balance Sheet & Income Statement first) (i) The debt ratio 4 38 Format : 0.84() The quick ratio Format : (iii) The Current ratio Format : 3.07(iv) The total assets turnover ratio Format : 4.641) The net profit margin on sales ratio Format: 0.4
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