Question 3 Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales $100,000 Debtor's turnover ratio (based on net sales) 2 Inventory turnover ratio 1.25 Fixed assets turnover ratio 0.8 Debt to assets ratio 0.6 Net profit margin Gross profit margin Return on investment 5% 25% 2% Use the given information to fill out the templates for income statement and balance sheet given below: Income Statement of Footfall Manufacturinf Ltd. for the year ending December 31, 20XX Sales (in $) 100,000 Cost of goods sold Gross profit Other expenses Earnings before tax Tax @50% Earnings after tax Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (in $) Liabilities Equity Amount Assets Net fixed assets Long term debt 50,000 Short term debt TOTAL Inventory Debtors Cash TOTAL Amount ||