DEF Ltd has provided the following financial information for the year ended 31 December 2023:

Item	Amount ($)
Net sales	800,000
Cost of goods sold	500,000
Operating expenses	150,000
Interest expense	20,000
Income tax expense	30,000
Total assets	900,000
Total liabilities	400,000
Equity	500,000

Required: a. Prepare the Income Statement for the year ended 31 December 2023. b. Prepare the Balance Sheet as of 31 December 2023. c. Calculate the following ratios: i. Gross profit margin ii. Operating profit margin iii. Net profit margin iv. Return on assets (ROA) v. Return on equity (ROE) d. Interpret the calculated ratios and provide insights into the company’s financial health.