Prepare the Balance Sheet and Income Statement of Company ABC For case $1$ and $2$

o Total Assets Fixed Assets Long Term Liabilities Shareholders' Equity Accounts Receivable Inventory Net Sales Gross Margin Operation Expenses Net Profit for the Period Requirement: 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 Case 1 Case 2 Ready c 2011 1.200.ooo 700.000 300.000 600.000 75.000 100.000 4.200.ooo 16% 320.000 120.000 D 2012 1.400.ooo 650.000 350.000 500.000 105.000 140.000 3.600.ooo 24% 410.000 210.000 p s w Calculate the ratios below and comment comparing sector standarts 2012 sector standarts : Acid Test Ratio Collection Period Days to sell inventory Current assets turnover Operating Profit ratio Net profit ratio Total Assets profitability ratio Company ABC Assets turn over Gross Sales Sales Discounts Gross Profit Operating Profit Permanent Ca ital Financial Leverage Acid Test ratio Fixed assets turnover Liquid assets Tangible fixed assets/ Shareholders Equity Requirement: 0,98 18 days 14 days 3 28% 4% 5% 2% 1.050.ooo 35000 18% 9% 345.000,00 35% 4 10% 30% Prepare the Balance Sheet and Income Statement of Company ABC Sayfal tAccessibility: Good to go 100%