Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question
The financial manager Katrina Sdn Bhd, a manufacturing firm, has decided to seek a line of credit from the Alliance Bank. This additional source of funds is needed to support a large portion of the firm's accounts payable during the next three months, which are the firm's peak seasonal sales period. The firm's most recent financial statements were presented to the bank in support of its loan request.
Katrina Sdn Bhd
Income Statement for the Year ended 31 December 2019
RM
Sales (all credit)
2,400,000
Less : Cost of goods sold
1,840,000
Gross profits
560,00
Less : Operating expenses:
General and administrative
120,000
Depreciation expense
240,000
Operating profits
320,000
Less : Interest expense
40,000
Before-tax profits
280,000
Less : Taxes
84,000
After-tax profits
196,000
Balance Sheet as at 31 December 2019
Cash
56,000
Marketable securities
24,800
Accounts receivable
132,000
Inventories
336,000
Total current assets
548,800
Net fixed assets
1,080,000
Total Assets
1,628,800
Accounts payable
228,000
Notes payable
52,000
Other current payable
20,000
Total current liabilities
300,000
Long -term debt
600,000
Total [email protected] par
500,000
Retained earnings
228,800
Total liabilities and shareholders' equity
The average industry rations are provided below to facilitate an analysis of the firm's loan request:
Required:
Compute the above ratios for Katrina Sdn Bhd 2019.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.
Briefly describe the major differences between a sole proprietorship and a corporation
Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month
What are the implied interest rates in Europe and the U.S.?
State pricing theory and no-arbitrage pricing theory
Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.
The Effect of Financial Leverage and working capital management
Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.
Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.
Time Value of Money project
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd