sales for the year 2021 : 1000000 and tax rate is : 35%

Suppose you are interested in evaluating ABC company's financial performance during 2019 and 2020. Use the information provided on the excel sheet to answer the following questions. 1. Prepare the company's Balance sheet and Income Statement during 2019 and 2020. (3 marks) 2. Prepare the company's cash flow statement for the year 2020. (2 marks) 3. Calculate the financial ratios for the company in 2019 and 2020. (2 marks) Note: Purchases were %70 of the cost of goods sold in both years. 2019 2020 Financial Ratios Current ratio Quick ratio Inventory turnover Average age of inventory Average collection period Average payment period Asset turnover Debt ratio Debt to equity ratio Times interest earned ratio Gross profit margin Operating profit margin Net profit margin ROA ROE viewpoint. (2 4. Analyze the company's overall financial situation from a time series marks) 5. Compile the Pro forma Income statement for the year 2020 using percent of sales method. (1 mark) D E A B 1 Information for the year 2019 2 Marketable Securities , 3 Accounts Receivable 7, 4 Inventory 5 Number of shares outstanding , 6 Other current assets 7 Propert, Plant and equipment 8 Machinery 9 Furniture 10 10 Vehicles 11 Paid in capital in excess of par value 12 Par value of stock 13 Notes payable , 14 Accounts payable 15 Long term loan , 16 Short term loan 17 Dividends , 18 Cash 0.****, 19 Accumulated depreciation , 20 Sales V., 21 Depreciation expense 0, 22 Selling expense 10., 23 Cost of goods sold 20***, 24 Research and development expense , 25 General and administrative expense 26 Interest expense , 27 Tax rate Yo% 28 Utilities expense ,, 29 Beginning balance of retained earni , 30 31 32 33 34 Information for the year 2020 Marketable Securities Accounts Receivable Inventory 1...,.. Number of shares outstanding Other current assets Propert, Plant and equipment ,, Machinery 7.,.. Furniture Vehicles , Paid in capital in excess of par value , Par value of stock Notes payable Accounts payable 0..... Long term loan 7, Short term loan , Dividends 1,.. Cash Accumulated depreciation , Sales 9. ***** Depreciation expense 0...... Selling expense Cost of goods sold 7. ***** Research and development expense , General and administrative expense Interest expense Tax rate % Utilities expense 20, Beginning balance of retained earnin