Freshly graduated students from Near East University decided to create a company on October 1, 2021. This small company aims to offer pancakes to users of the Near East campus.

For this, they had collected the sum of $ 250,000 from promoters (Master students 2021/2022) and $150,000 borrowed from third parties. The repayment of this loan will take place in October 2022. The interest rate for this loan is set at 5%.

When the company was created, the following operations were carried out:

Purchase of a microwave: $100,000

Purchase of a cash register: $100,000

Purchase of a table: $30,000

Purchase of a chair: $12,000

Purchase of frozen pancakes: $100,000

Calculate:

-Present the balance sheet of this company on October 1, 2021

- Current ratio

-Cash ratio

- Debt equity ratio

During the year 2021/2022, the following operations were carried out:

Sales of pancakes: $450,000 of which $66,000 payable on January 1, 2022

Purchase cost of goods sold: $164,000

Purchases of frozen pancakes: $197,000 of which $66,000 payable on January 1, 2022

Preparation and distribution of flyers: $66,000

Purchase of a second microwave: $132,000

Accounting for the depreciation of the 1st microwave: $20,000

New bank loan: $132,000 repayable in 2 years

This company is subject to corporate tax at the rate of 25%.

Assuming that no other transaction is carried out until December 31, 2022:

Present the income statement of this company on 31/12/2022.

-Net profit margin

-Gross margin

-Operating margin

-Return on Equity

Present balance sheet of this company on 31/12/2022

-current ratio

-cash ratio