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(Solved): Selected information from the comparative financial statements of Berlin Sdn ...



Selected information from the comparative financial statements of Berlin Sdn Bhd for the year ended 31 December 2020 and 31 D???????

Selected information from the comparative financial statements of Berlin Sdn Bhd for the year ended 31 December 2020 and 31 December 2021, appears below: Required: Using the financial data presented above, compute and explain the following ratios for year 2020: i. Inventory turnover. (4 marks) ii. Times interest earned (4 marks) iii. The debt to total assets. (4 marks) iv. Receivables turnover. (4 marks) v. Return on assets. (4 marks)


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(i) The inventory turnover ratio is calculated using the formula Inventory Turnover (2020) =Net Sales / Inventory=700,000160,000=4.38 times
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