HASF department store has advertised for finance students to work in its Finance department during the summer and you have applied for the job. To determine whether you are familiar with the content of classified financial statement. Use the following data provided by the controller of ASF. The data are derived from the store s' operation in the year ended December 31 2011 Net sales 500,000 Net income 110,000 Current liabilities 12,000 Selling expenses 11,000 Long term liabilities 38,000 Total assets ? Stock holder equity (equal to total liabilities) ? Gross Profit ? Cost of goods sold ? Current assets 47,000 Income tax 90,000 Operating income ? General and administrative expense 24,000 Plant and equipment 133,000 Other assets ? Required 1 Using the above data prepares the following . Classified balance sheet (04.5 marks) Multiple - step income statement (04.5 marks) 2 Compute at year ended the company (2.5marks) . Current ratio Working capital Gross profit rate Return on total assets Return on shareholder equity