Footfall Manufacturing Ltd. reports the following financial information at the end of the current year:

Net Sales	$100,000
Debtors turnover ratio (based on net sales)	2
Inventory turnover ratio	1.25
Fixed assets turnover ratio	0.8
Debt to assets ratio	0.6
Net profit margin	5%
Gross profit margin	25%
Return on investment	2%

Use the given information to fill out the templates for income statement and balance sheet given below:

Income Statement of Footfall Manufacturinf Ltd. for the year ending December 31, 20XX (in $)

Sales	100,000
Cost of goods sold
Gross profit
Other expenses
Earnings before tax
Tax @50%
Earnings after tax

Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (in $)

Liabilities	Amount	Assets	Amount
Equity		Net fixed assets
Long term debt	50,000	Inventory
Short term debt		Debtors
		Cash
TOTAL		TOTAL