Question 1: The following information is taken from records of ABC Company: Items 2017 2018 Bank Short-Term Borrowings 479 13,315 Accounts & Notes Payable 289,313 271,468 Accrued Expenses 1,803 4,732 Dividend payable 0 1 Provisions 518 518 17,516 10,911 58 55 25,000 25,000 Other Current Liabilities Other Long Term debt Paid-in Capital Legal Reserves Retained Earnings (loss) Profit for the year Time Deposits 860 1,303 (1,852) 1,515 ??? ??? 651 3,225 Cash 64,746 34,689 42,317 81,295 4,775 Accounts & Notes Receivable (net) Advances To Suppliers Due From Parent Company Prepaid Expenses Other Debit Balances 8,762 158,928 246,730 173 340 11,635 19,133 2,951 8,796 Inventory Gross Fixed Assets Accumulated Depreciation 3,405 3,772 2,770 3,035 Items 2017 2018 2,075 1,839 Selling & Marketing Expenses General & Admin. Expenses 7,008 12,773 Provisions 1,655 58 230 265 Depreciation FX Gain (Loss) (3,864) 1,132 Interest Income 1,798 7,333 Other Bank Charges 918 1,306 Income Taxes 5,863 5,617 Sales Revenue 457,110 695,557 COGS 426,434 665,021 Net Profit ??? ??? 1. Prepare Financial Statements (Income Statement and Balance sheet)for the years 2017and 2018 and Cash flow Statement for only year 2018 2- According to above information, answer the following questions for the two years : a) The company's gross profit margin? b) The company's net profit margin? c) The company's return on assets? d) The company's return on equity? e) The company's assets turnover? f) The company's Inventory turnover? g) The company's days inventory on hand? h) The company's receivable turnover? i) The company's net working capital? j) The company's current ratio? k) The company's Quick ratio? 1) The company's average collection period? m) The company's debt to equity? n) The company's liability to assets? o) The company's Equity to assets? 3. Makes recommendations to ABC company based on your analysis and interpretation of the financial position