Tanaka Bhd Statement of Financial Position as at 31 December 2020 2019 Non-current assets Furniture (Net book value) Current assets Cash at Bank Inventory Accounts receivable Quoted shares MYR'000 31,840 MYR'000 29,200 2,448 3,520 13.200 7,000 500 24,300 13,000 7,600 600 23,648 Current liabilities Accounts payable Accruals 10,400 10,920 300 500 10,700 11,420 12,800 Working capital Non-current liabilities Long term loan Net assets 12,948 18,400 26,388 18,000 24,000 Shareholder's equity 14.4 million ordinary shares 500,000 (9%) Preference share Retained profits 14,400 1,000 8,600 14,400 1,000 10,988 26,388 24,000
Tanaka Bhd Statement of Financial Position as at 31 December 2020 2019 Non-current assets Furniture (Net book value) Current assets Cash at Bank Inventory Accounts receivable Quoted shares MYR'000 31,840 MYR'000 29,200 2,448 3,520 13.200 7,000 500 24,300 13,000 7,600 600 23,648 Current liabilities Accounts payable Accruals 10,400 10,920 300 500 10,700 11,420 12,800 Working capital Non-current liabilities Long term loan Net assets 12,948 18,400 26,388 18,000 24,000 Shareholder's equity 14.4 million ordinary shares 500,000 (9%) Preference share Retained profits 14,400 1,000 8,600 14,400 1,000 10,988 26,388 24,000
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter4: Profitability Analysis
Section: Chapter Questions
Problem 23PC
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Question 4
The following information is taken from Tanaka Bhd for the year ended 31 December 2020.
- Preference dividend declared and fully paid in 2020: RM100,000
- Ordinary dividend declared and fully paid in 2020: RM3,960,000
Preference shares marketable price per unit at 31 December 2020: RM4.60- Ordinary share marketable price per unit at 31 December 2020: RM9.00
Required:
- Calculate the following ratio for 2020: Industry average ratio
- Profit margin 4.0%
- Earnings per share RM0.46
Rate of return on total assets 11.0%
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