Financial Statement Analysis: Lecture 2

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What is the total current assets for Suria Bhd in 2004?

1,000,000 (correct)

810,000

1,500,000

2,000,000

What is the net income or EAT for Suria Bhd in 2004?

195,800

78,320

283,800

117,480 (correct)

What is the balance of retained earnings for Suria Bhd in 2004?

56,000

64,800

710,000

766,000 (correct)

What is the procedure to determine sources in the Cash Flow Statement?

X1-X0 and transferred to Cash Flow Statement except for Cash and RE Signup and view all the answers

What is the long-term debt for Suria Bhd in 2004?

754,000 Signup and view all the answers

What is the depreciation expense for Suria Bhd in 2004?

100,000 Signup and view all the answers

What is another name for the Income Statement?

Statement of Profit and Loss Signup and view all the answers

What type of information does the verbal section of the Annual Report contain?

A letter from the chairperson discussing operating results and new developments Signup and view all the answers

What is the primary purpose of the Income Statement?

To provide a summary of the firm's operating and financing activities Signup and view all the answers

What are the four basic financial statements contained in an Annual Report?

Income Statement, Balance Sheet, Statement of Cash Flows, and Statement of Stockholders' Equity Signup and view all the answers

What does the Income Statement show?

The company's revenues, costs, and expenses over a specific period of time Signup and view all the answers

What is the main purpose of the Annual Report?

To provide information to stockholders about the company's operations and financial performance Signup and view all the answers

What is the main characteristic of current assets?

Assets that can be converted to cash within a year Signup and view all the answers

What type of asset is a copyright?

Intangible asset Signup and view all the answers

What is the main difference between current liabilities and long-term liabilities?

The time period in which they are repayable Signup and view all the answers

What is the role of owners' equity in a business?

To show the owner's claim on the business's assets Signup and view all the answers

What is an example of a current asset?

Cash in hand Signup and view all the answers

What is a debenture?

A type of long-term liability Signup and view all the answers

What does a balance sheet provide to investors?

An idea of what the company owns and owes, as well as the amount invested by shareholders Signup and view all the answers

What is the balance sheet equation?

ASSETS = LIABILITIES + OWNERS' EQUITY Signup and view all the answers

What is the main difference between a horizontal and vertical balance sheet?

The format of the balance sheet Signup and view all the answers

What are current assets?

Resources or items of value that are expected to generate income in the short term Signup and view all the answers

What is the purpose of preparing a balance sheet?

To summarize a company's financial position at a specific point in time Signup and view all the answers

When is a balance sheet typically prepared?

As soon as the income statement is completed Signup and view all the answers

What is the purpose of adding Depreciation in the Cash Flow Statement?

To reflect the decrease in assets Signup and view all the answers

What is the net cash provided by operating activities for Suria Bhd in 2004?

RM 2,520 Signup and view all the answers

What is the increase in account payable for Suria Bhd in 2004?

RM 10,000 Signup and view all the answers

What is the formula to calculate Net Capex?

Net FA1 - Net FA0 + Dep Signup and view all the answers

What is the purpose of the Cash Flow Statement?

To identify the sources and uses of funds Signup and view all the answers

What is the ending cash balance for Suria Bhd in 2004?

RM 227,520 Signup and view all the answers