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Question 2 Prepare a Statement of Cash Flows for the Year Ending December 31, 201? for the Jentayu Corporation from the following Income Statement& Balance Sheet. Jentayu Corporation Income Statement For the Year Ended 31 December, 2018(in RM Millions) RM 600 460 140 Sales (-) Cost of goods sold Gross profits (-) Operating expenses: 20 Selling expenses General & administrative expenses Total operating expenses EBITDA Depreciation expense 15 35 105 30 75 15 60 18 Interest expense EBT Taxes Net income Dividend paid to stockholders Addition to retained earnings 36
Jentayu Corporation Balance Sheet as at December 31, 2017 and 2018(RM millions) 2017 Cash Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Total Assets 21 20 106 143 410t 29s 7 85 (115 286 Liabilities&Equitics Accounts payable Accrued expenses 1412 65 Total current liabilities 64 Long-term debt Total liabilities 225 235 Common stockholders equity 82 Common stock Retained earnings Total common stockholders equity162 Total liabilities and equity 392 438 Question 3 Discuss the goal (primary objective) of the firm. (8 marks)
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entayn Corporation Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from Operating Activities Net Inco

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