Financial management

PART IV - SHOW ALL NECESSARY STEPS CLEARLY. (10 pt!) 1. Using the following information ; A. Complete and prepare the balance sheet (5%) B. Complete and prepare income statement. (SPls) Sales Cost of goods sold Debt ratio 50% day's sales outstanding 36 days Quick ratio 0.8 Times Cost of goods sold fsales 75% Total asset turn over 1.5 Times Inventory turnover 5 Times Cash Npayable Accounts Receivable Long Term Debt 120,000 inventory Common Stock Plan! and Equipment Retailled Earnings Br -_L._.1 95 000 Total ASSets M929 Total Liability and equity