1.

S0 = RM 12,500,000
S1 = (0.4 X RM 12,500,000) + RM 12,500,000
= RM 17,500,000
2. NPM = NPAT2014 / Sales2014 X 100%
= RM 750,000 / RM 12,500,000 X 100%
= 6%

3. NPM = NPAT2015 / Sales2015 X 100%

6% = NPAT2015 / RM 17,5000,000 X 100%
NPAT2015 = RM 1,050,000

DPR = Div2015 / NPAT2015 X 100%

60% = Div2015 / 1,050,000 X 100%
Div2015 = RM 630,000

4. Projected = NPAT2015 – EAT2015

Re
= RM 1,050,000 – RM 630,000
= RM 420,000

RE2015 = Projected RE + RE2015

= RM 420,000 + RM 720,000
= RM 1,170,000

AFN = Investment – Total Sources

= RM 3,416,000 – RM 2,916,000
= 500,000
 2014 (RM ‘000) 2015 (RM ‘000)
Sale 12,500 17,500

Cash 210 294

Account Receivable 560 784
Inventory 650 910
Net Plant and Equipment 1,020 1428
Total Asset 2,440 3,416

Account Payable 120 168

Notes Payable 60 60
Tax actual 20 28
Bonds 640 640

Preferred Stock 250 250

Common Stock 600 600
Retained earning 750 1170
AFN 500
Total liabilities & Equity 2,440 3,416