25% 20% Question # 3 Packages Corp, had recorded sales turnover of around $40,000,000 in financial year 2019. Finance Manager have already conducted ratio analysis as detail below: Packages Corp. As of June 30, 2019 Margin of Gross Profit 65% Margin of Operating Profit Margin of Net Profit 10% Return on total Assets Total Asset turnover 2 Receivable turnover in Days 64 days Payable tumover in Days 54 days Requirements: Calculate values of the following financial accounts: Gross Profit . Cost of goods sold Operating Profits Operating expenses Total assets Shareholders' fund size Account Receitable Account Payable By using above information, you need to determine the values of various Income statement and Balance sheet accounts. (4 marks)