1.Jack's business premises were destroyed in a fire and all his records were lost apart from a recent

analysis that he had made of the latest period's results for his company Box Limited. He managed

to retrieve the following:

Sales $375 000

Gross profit margin 28%

Total Expenses ratio 17%

Tax rate 30%

Debt to Equity 0.75:1

Current assets as a percentage of Cost of Sales 22%

Current ratio 1.8:1

Return on Equity 11%

Required:

From the information given reconstruct a Statement of Profit or Loss and a Statement of

Financial Position.