SYED TARIQ BALANCE SHEET AS AT 31 DECEMBER 2018
ASSETS RM LIABILITIES
LIQUID ASSETS CURRENT LIABILITY
Saving account #1 5,200 Credit card #1
Saving account #2 3,500 Credit card #2
Cah in hand 1,200 Celcom bill
Syarikat Air Selangor
TOTAL LIQUID ASSETS 9,900 Borrowed from friend
LIFESTYLE ASSET TOTAL CURRENT LIABILITY
Market Value (Honda) 35,000 NON-CURRENT LIABILITY
Market Value (House) 140,000
Current Value (Furniture) 5,800 Auto loan
Panasonic Smart Fridge 4,800 Housing loan
Current Value (Smarthphone) 2,500 Personal loan
TOTAL LIFESTYLE ASSET 188,100 TOTAL NON-CURRENT LIABILITY
INVESTMENT ASSET TOTAL LIABILITIES
Public mutual unit trust 25,000 NET WORTH
Amanah Saham 7,800
TOTAL INVESTMENT ASSET 32,800
TOTAL LIABILITIES AND
TOTAL ASSETS 230,800 NET WORTH
c)
i) CURRENT RATIO
LIQUID ASSET / CURRENT LIABILITY
9,,920
1.43x
COMMENT: Current ratio should be more than 1 in order to maintain liquidity but Syed Tariq
is not in realy good position as his current ratio is only 1.43
ii) LIQUID ASSET TO TAKE-HOME PAY RATIO
ASSETS RM LIABILITIES
LIQUID ASSETS CURRENT LIABILITY
Saving account #1 5,200 Credit card #1
Saving account #2 3,500 Credit card #2
Cah in hand 1,200 Celcom bill
Syarikat Air Selangor
TOTAL LIQUID ASSETS 9,900 Borrowed from friend
LIFESTYLE ASSET TOTAL CURRENT LIABILITY
Market Value (Honda) 35,000 NON-CURRENT LIABILITY
Market Value (House) 140,000
Current Value (Furniture) 5,800 Auto loan
Panasonic Smart Fridge 4,800 Housing loan
Current Value (Smarthphone) 2,500 Personal loan
TOTAL LIFESTYLE ASSET 188,100 TOTAL NON-CURRENT LIABILITY
INVESTMENT ASSET TOTAL LIABILITIES
Public mutual unit trust 25,000 NET WORTH
Amanah Saham 7,800
TOTAL INVESTMENT ASSET 32,800
TOTAL LIABILITIES AND
TOTAL ASSETS 230,800 NET WORTH
c)
i) CURRENT RATIO
LIQUID ASSET / CURRENT LIABILITY
9,,920
1.43x
COMMENT: Current ratio should be more than 1 in order to maintain liquidity but Syed Tariq
is not in realy good position as his current ratio is only 1.43
ii) LIQUID ASSET TO TAKE-HOME PAY RATIO
