Presented below are some of the financial ratios and an incomplete statement of financial position for Muungano Company Ltd$.$ You are required to complete the statement of financial position below;

MUUNGANO COMPANY LTD

STATEMENT OF FINANCIAL POSITION AS AT $30$ TH JUNE $2023$

Amount in TZS

Cash $...................................$ Accounts

payables

$................................$

Accounts

receivables

$...................................$ Long$-$term

debts

$................................$

Inventory $...................................$ Total

Liabilities

$.................................$

Current Assets $...................................$ Common

Equity

$.................................$

Net fixed assets $1,000,000$

Total $1,300,000$ Total $1,300,000$

Additional information;

Current ratio $=3\mathrm{.}0$

Inventory turnover $=10\mathrm{.}0$

Debt ratio $=30\%$

Total asset turnover $=0\mathrm{.}50$

Average collection period $=45$ days