I need clarification of the answers below (what are the equations and how to calculate) I also put the question without an answer in the second picture

Solutions 1. Prepare Income Statement and Balance Sheet using information given. Tax rate is 20%. (48 marks) ROCE: 44% Leverage ratio: 38% Net Profit: $16.000.000 A-IncomeStatement(24marks):B-BalanceShect(24marks) 1- Prepare Income Statement and Balance Sheet using information given. Tax rate is 20%. (48 marks) ROS (Gross margin): 40%. Current ratio: 3 Receivables Turnover: 12 RONA: 32\%. Acid-test ratio: 1.5. Net Working Capital: $10.000.000 ROCE: 44% L Leverage ratio: 38%. Net Profit: $16.000.000 A- Income Statement (24 marks): B- Balance Sheet (24 marks) Net sale : cash short term L:... (-)cost of sales: Receivables:......... Long term L : ........ Gross profit : inventories:............. (-)operating costs $8.000.000 Operating profit (EBIT): fixed Assets: Equity: (-)interest payments $2.000.000. Assets : Funds: Earnings before tax : ()tax(20%) :.. Net Profit $16.000.000