Jovin Capital Inc has a debt ratio of .57, current liabilities of RM14,000, and total assets of RM70,000. What is the level of Jovin's total liabilities?
b.
Busy & Buddy Sdn Bhd has a debt ratio of .42, noncurrent liabilities of RM20,000, and total assets of RM70,000. What is Busy & Buddy's level of current liabilities?
c.
ComelLote Dome Ent. has an annual interest expense of RM30,000. Lorna Dome's times-interest-earned ratio is 4.2. What is ComelLote's operating income?
d.
Pizza Jenjalan Bhd has sales of RM3,450,000, total assets of RM1,240,000, cost of goods sold of RM2,550,000, and an inventory turnover of 6.38. What is the amount of Pizza's inventory?
e.
Samy Ent. has asked you to calculate the company's current ratio for 2022. All you have is a partial balance sheet and some assumptions.
Using the information provided, to answer below questions.
Gross profit margin = 50%
Inventory turnover (COGS/Inv) = 5
2022 sales = RM3,000
Assets
RM (in mil)
Liabilities & Equity
RM (in mil)
Cash
?
Accounts payable
$50
AR
40
Accruals
?
Inventory
?
Long-term debt
$400
Net fixed assets
500
Equity
250
Total assets
900
Total liab. & equity
?
Required:
a.
Calculate Samy's current ratio for 2022.
b.
Complete the above balance sheet.
Answer & Explanation
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