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Compute the total assets turnover ratios for the year

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Reference no: EM132572695

1. The total assets as at 31 December 2017 is RM14,750,600.

2. The net sales for the year ended 31 December 2018 and 31 December 2019 are RM16,545,900 and RM21,250,800 respectively.

3. The gross profit for the year ended 31 December 2018 and 31 December 2019 are RM6,189,900 and RM9,500,800.

4. The net profit for the year ended 31 December 2018 and 31 December 2019 are RM1,700,350 and RM2,350,750 respectively.

5. The cost of goods sold for the year ended 31 December 2018 is RM10,356,000 while the cost of goods sold for 31 December 2019 is RM11,750,000.

REQUIRED:

Question (a) Compute the following ratios for the year 2018 and 2019 based on the financial data provided. Round your answer to two (2) decimal points.

1. Current ratio

2. Equity ratio

3. Total assets turnover

4. Debt ratio

5. Profit margin

Question (b) Based on the ratios and percentages computed in (a), provide your comments on Fanor Sdn Bhd's:

i. Liquidity

ii. Efficiency

iii. Profitability

iv. Solvency

Reference no: EM132572695

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