1))For the years ended December 31, 2018 of your analysis, assume all sales are on credit and then compute the following:· (a) collection period,· (b) accounts receivable turnover,· (c) inventory turnover, and· (d) days' sales in inventory.· (e) Based on your estimates, comment on the changes in the ratios from 2018 year by drawing conclusion regarding efficiency in managing inventory and in collecting receivables (Note: Comment not more than 10 lines).2))Provide your recommendations for improving the financial condition of your company. (Note: Comment not more than 10 lines). Annual Report 2018|Statements of Financial PositionAs at 31 December 2018GroupСompanyNote2018201720182017RMRMRMRMAssetsNon-current assets5,3065,415Property, plant and equipmentInvestment properties75,679,374210,06077,688,993211,426111262,286,70311,27262,286,70310,406Investment in subsidiaries131872,27239,406Deferred tax assetsPrepayments for acquisition ofproperty, plant and equipment3,025,00078,986,70677,939,82562,303,28162,302,524Current assetsInventoriesTrade and other receivablesPrepaymentsCash and bank balances25,414,31535,166,990576,12396,320,27124,857,49640,535, 186722.52799,026,21714217,8026,60037,947,645299,4836,60039,727,2181516157,477,699165,141,42638,172,04740,033,301236,464,405243,081,251100,475,328102,335,825Total assetsEquity and liabilitiesCurrent liabilitiesTrade and other payablesContract liabilitiesIncome tax payableDividend payable53,096,5581,525,4061,453,98049,318,6352,513,1434,449,92116,000,0001744,122,62916,000,00051,08716,000,00060,78016,000,00072,281,69973,219,18717,576,49317,514,760Net current assets85,196,00091,922,23920,595,55422,518,541Non-current liabilityDeferred tax liabilities185,912,2136,344,39778,193,91279,563,58417,576,49317,514,760Total liabilitiesEquity attributable to ownersof the parentShare capitalRetained earnings192080,000,00078,270,49380,000,00083,517,66780,000,0002,898,83580,000,0004,821,065Total equity158,270,493163,517,66782,898,83584,821,065Total equity and liabilities236,464,405243,081,251100,475,328102,335,825 Annual Report 2018[Statements of Comprehensive IncomeFor the financial year ended 31 December 2018Group20172018RMNoteRM307,372,915(197,610,952)299,665,032(186,463,785)Revenue from contracts with customerCost of salesGross profit109,761,963113,201,247Other items of income3,104,0211,278,2943,363,8841,080,149Interest incomeOther incomeOther items of expenseAdministrative expensesSelling and marketing expenses(19,825,762)(36,539,886)(20,410,273)(37,848,580)57,778,630(14,819,252)59,386,427(14,939,481)Profit before taxIncome tax expenseProfit net of tax, representing totalcomprehensive income for the year42,959,37844,446,946Profit net of tax attributable to:Owners of the parent42,959,37844,446,946Total comprehensive income attributable to:Owners of the parent42,959,37844,446,946Earnings per share attributable toowners of the parent (sen per share):Basic105.375.56Diluted105.375.564569

For the year ended 31.12.2018, Given information as follows : For Group, In 2017, Accounts…

1))For the years ended December 31, 2018 of your analysis, assume all sales are on credit and then compute the following: · (a) collection period, · (b) accounts receivable turnover, · (c) inventory turnover,

1))For the years ended December 31, 2018 of your analysis, assume all sales are on credit and then compute the following: · (a) collection period, · (b) accounts receivable turnover, · (c) inventory turnover,

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 36BE: Analyzing Fixed Assets Pitt reported the following information for 2018 and 2019: Required: Compute...

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