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e. Samy Ent. has asked you to calculate the company's current ratio for 2022. All...

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Finance

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 Current Ratio = Current Assets / Current Liabilities
2022 sales = RM3,000 Current Ratio = RM400 million / RM250 million
Current Ratio = 1.6
Assets RM (in mil) Liabilities & Equity RM (in mil)
Cash 60 Accounts payable $50
AR 40 Accruals 200
Inventory 300 Long-term debt $400
Net fixed assets 500 Equity 250
Total assets 900 Total liab. & equity 900
Required:
a. Calculate Samy's current ratio for 2022.
b. Complete the above balance sheet.

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