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 $144,444\mathrm{.}44$

Accounts receivables $5158\mathrm{.}73$ Long$-$term debts $390,000$

Inventory $...................................$ Total Liabilities $1,300,000$

Current Assets $433,333\mathrm{.}33$ Common Equity $0$

Net fixed assets $1,000,000$

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

Additional information;

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

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

iii. Debt ratio $=30\%$

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

v$.$ Average collection period $=45$ days

vi$.$ Gross profit margin $30\%$

vii. Number of days in a year $=360$ days