Question
Please show all workings step by step Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales $100,000
Please show all workings step by step
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
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