Case $2$ Company ABC

Assets turnover $2\%$

Gross Sales $1\mathrm{.}050\mathrm{.}000$

Sales Discounts $35000$

Gross Profit $18\%$

Operating Profit $9\%$

Permanent Capital $345\mathrm{.}000,00$

Financial Leverage $35\%$

Acid Test ratio $1,5\%$

Fixed assets turnover $4$

Liquid assets $10\%$

Tangible fixed assets$/$ Shareholders Equity $30\%$

Requirement:

Prepare the Balance Sheet and Income Statement of Company ABC