Chapter 2 : Analysis of Financial Statement Question 1 Berikut adalah maklumat U.

S Composite Corporation bagi tahun 2002 dan 2001. 1. Balance Sheet Asset Current Asset: Cash Acc. Receivable Inventory Others Total Fixed Asset: PPE (-) Acc. Deprec. 2002 RM 140 294 269 58 761 Liabilities & Equity Current Liabilities: RM 107 Acc. Payable 270 Notes Payable 280 Accrued Expenses 50 Total 707 Long-Term Liabilities : Deferred Taxes RM 1,274 Long-Term Liabilities (460) Total 814 Equity : 221 Preferred Share 1,035 2001 2002 RM 213 50 223 486 RM 117 471 588 RM 39 2001 RM 197 53 205 455 RM 104 458 562 RM 39

RM 1,423 (550) 873 Intangible Asset 256 & Other Total 1,118

Total Asset

Common Share Capital Surplus Retained Earnings (-) Treasury Share Total RM 1,879 RM 1,742 Total Liability & Equity

55 32 347 327 390 347 (26) (20) 805 725 RM 1,879 RM 1,742

2.

Income statement for year 2002 Revenue (-) Cost of Goods Sold Selling, general & admin expenses Depreciation expenses Operating Income Other income Earning before interest & taxes (EBIT) Interest expenses Earning before taxes Taxes Net income RM 2,262 (1,655) (327) (90) 190 29 219 (49) 170 (84) 86

Prepared By : Jumardi Singare (mardi_umar83@yahoo.com)

Retained earnings Dividends Berikut adalah analisis ratio bagi tahun 2002 a.

RM 43 RM 43

Liquidity ratio i. Net working capital (Modal kerja bersih) = Current Assets - Current Liabilities = RM761 RM 486 = RM275 ii. = iii. = Current ratio (Nisbah semasa)
Current Asset Aset Semasa RM761 @ = = 1.566 TIMES Current Liabilities Liabliti Semasa RM486

Quick ratio (Nisbah cepat)

Current Asset - Inventory - Prepayment Aset Semasa - Stok - Prabayar @ Current Liabilities Liabliti Semasa RM761 - RM269 = = 1.012 TIMES RM486

b.

Asset management ratio i. Account Receivable Turnover (Pusing Ganti Akaun Penghutang) = ii. =
Jualan Kredit Credit Sales RM2,262 @ Akaun Penghutang = = 7.694 TIMES Account Receivable RM294

Average Collection Period (Katakan Setahun = 360 Hari)

360 360 @ Pusing Ganti Akaun Penghutang Account Receivable Turnover 360 = = 46.79DAYS 7.694

iii. = iv.

Inventory Turnover (Pusing Ganti Inventori / Stok)

Cost of Good Sold Kos Barang Dijual RM1,655 @ Inventory / Stok = = 6.152 TIMES Inventory RM269

Average Inventory Sales Period (Katakan Setahun = 360 Hari) = Inventory Turnover @ Pusing Ganti Inventori = = 58.518 DAYS 6.152
360 360

360

v.

Fixed Asset Turnover (Pusing Ganti Aset Tetap)

Prepared By : Jumardi Singare (mardi_umar83@yahoo.com)

= Fixed Asset - Accumulated Depreciation = Net Fixed Asset = RM1,118 =2.023 TIMES vi. = Total Asset Turnover
RM2,262 Sales = RM1,879 = 1.204 TIMES Total Asset RM2,262

Sales

Sales

c.

Leverage ratio i. Debt ratio = ii. = iii. = iv. =

RM486 + RM588 Total Liabilities x 100 = 57.158% x 100 = RM1,879 Total Asset

Debt-Equity Ratio
Long - Term Liabilities RM588 = Shareholders Equity RM805

= 73.043%

Equity Multiplier
1 1 = = 2.334 TIMES 1 - Debt Ratio 1 - 0.57158

Interest Coverage Ratio

Profit Before Interest &Tax Interest Expenses

RM219 RM49

= 4.469 TIMES

d.

Profitability ratio i. Gross Profit Margin = ii. = iii. =

RM2,262 - RM1,655 Gross Profit x 100 = 26.835% x 100 = RM2,262 Sales

Net Profit Margin

RM86 Net Proft @ Profit After Tax x 100 = 3.802% x 100 = RM2,262 Sales

Operating Profit Margin

RM219 Operating Profit x 100 = 9.682% x 100 = RM2,262 Sales

Prepared By : Jumardi Singare (mardi_umar83@yahoo.com)

iv. = v.

Return on Asset
RM86 Profit After Tax x 100 = 4.577% x 100 = RM1,879 Total Asset

Return on Equity
RM86 x 100 = 10.683% = Shareholders Equity x 100 = RM805
Profit After Tax

Prepared By : Jumardi Singare (mardi_umar83@yahoo.com)