Consider the following simplified Financial statement Income statement Sales $32,000 24,400 Cost of sales Net income 7,600 Balance sheet $1,000 Cash Accounts Receivables Inventory 5,000 Net Fixed Assets 7,500 Total Assets 15.000 $500 Accounts payables 2,000 Long term debt 2,000 Equity 12.000 Total abilities and Equities 15.000 Required 1) Create a proforma income statement Assume a 10% prowth rate) 2) Create a proforma Balance Sheet Assume 10 growth rate for assets and billes) 3) calculate the following Ratios from the smalled financial statement above) a) Profit Martin 6) Return on its turn on toily di Current Ratio Qulok at