Sales $200,000 Interest expenses $10,000 Tax $5,000 Administration expenses $2,000 Advertisement expenses $1,000 Cost of goods sold (COGS) $95,000 Utility $20,000 Raw material $30,000

I. Prepare an income statement for company AKM for 31 December 2021. II. Based on the income statement calculate and explain the

a. Gross profit ratio b. Operating margin ratio c. Asset Turnover ratio d. Return on equity ratio

e. interest coverage ratio f. Debt service ratio