Revenue Income Tax Expense Sales Returns Interest Expense Selling & Admin Expenses Cost of goods sold Boshar Co. Income Statement For the Year Ended December 31 2017 520,000 OMR 20,500 20,000 7,500 120,800 315,000 2016 440,000 OMR 15,000 20,000 6,500 114,800 254,000 Retained Earnings Inventory Equipment Income Taxes Payable Accounts Receivable Cash Accounts Payable Short-term Investments Bonds Payable Share Capital - Ordinary Boshar Co. Statements of Financial Position For the Year Ended December 31 2017 223,000 OMR 80,000 423,000 12,000 85,000 21,000 122,000 18,000 120,000 150,000 2016 200,000 OMR 60,000 383,000 11,000 75,000 18,000 110,0000 15,000 80,000 150,000 The company issue 30,000 ordinary shares. Prepare a completed income statement and balance sheet and compute the following ratios for 2017: a Asset turnover b. Acid-test . Current Address hp Prepare a completed income statement and balance sheet and compute following ratios for 2017: a Asset turnover b. Acid-test c. Current d. Return on ordinary shareholder's equity e Inventory turnover f. Profit margin 9. Accounts receivable turnover h. Return on assets i. Debt to total assets Perform vertical and horizontal analysis for this company