Prepare income statement and balance sheet from the following information RAHEEM TRADING ENTERPRISE PVT LIMITED TRIAL BALANCE AS AT DEC, 31, 2017 PARTICULARS $ DR $ CR SALES- 987,000 INVENTORY ON DEC, 2 175500 COGS 537,0001 CASH IN HAND 10,500 CASH IN BANK 57,000 CAPITAL ON JAN, 2017 495,000 DRAWINGS 1425001 FURNITURE 63000 RENT PAID 44000 WAGES PAID 133500 DISCOUNT ALLOWED 34500 DISCOUNT RECEIVED 18000 DEBTORS 229,5001 CREDITORS 124,500 BAD DEBTS 43500 VEHICLES 96,000 TRANSPORT, COST 25500 DEPRICATION 33000 PREPAID EXPENSES 7,000 EXPENSE PAYABLE 7,500 TOTAL 1,632,000 1,632,000 NOTE1 Find the following ratios from Income Statement 1 Profit Margin 2 Return on Assets 3 Transport cost as a percentage of sales 4 INVENTORY TURNOVER 5 Asset Turn Over 6 Return on Equity--ROE NOTE2 Find the following ratios from the Balance Sheet 1 Current Ratio 2 Quick Ratio 3 Working Capital 4 Debt/Worth Ratio 5 Debt/Asset Ratio 6 Equity/Asset Ratio NOTE3 Analyze each ratio by giving some detail explanation in each