Required: Prepare forecasts of its income statement, statement of financial position and statement of cash flows for 2020 under the following assumptions: a. All financial ratio remains at 2019 level. b. Kodenko will not record restructuring costs for 2020. c. Taxes payable are at the 2019 level of RM544 million. d. Depreciation expense charged to Selling, general and administrative is RM765million for 2019 and 2018 repectively. e. Gross PPE is RM 12,982 million and RM12,963 million for 2019 and 2018 respectively. f. Projected current maturities of long term debt are RM13 million for 2020. g. Capital expenditure for 2019 and 2018 are RM1,047 and RM783, respectively Requirements: standard
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