Question 3 Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales Debtor's turnover ratio (based on net sales) Inventory turnover ratio Fixed assets turnover ratio Debt to assets ratio Net profit margin Gross profit margin Return on investment $100,000 2 1.25 0.8 0.6 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 Amount Assets Equity Net fixed assets Long term debt 50,000 Inventory Short term debt Debtors Cash TOTAL TOTAL Amount