QUESTION 6: (12) The strategy meeting has been concluded and the following targets have been set for the financial year ended February 2021. Target Forecast Sales Rands R12 578 200 Mark up on cost 35% Expenses as a % of sales 2796 50 Debtors days outstanding Creditors days outstanding Inventory days outstanding 55 45 Fixed assets turnover 5.5 Credit purchases as a percentage of COS 75% Capital structure: Long term liabilities: Equity (including the forecasted profit) 0.7: 1.0 Cash balance is forecasted to be: Rands R100 000 Required: Draft the statement of Financial Position for the year ended February 2021