The accounting records of Ondoy Company as of December 31, 2015 provide the following information:

Inventory 145,000

Sales 365,000

Accounts Payable 35,500

Accounts Receivable 95,000

Accrued Expenses 28,500

Equity jQuery224048296171970733814_1607773178280???

Prepaid Expenses 45,000

Property, Plant and Equipment 110,000

Cash 124,500

Cost of Sales 115,000

Operating Expenses 85,000

Income Tax Payment 20,000

Allowance for Bad Debts 15,000

Accumulated Depreciation 10,000

Notes Receivable 25,000

Notes Payable 17,500

Sales Discount 2,500

Sales Returns 1,850

REQUIRED:

1. Prepare a' proper income statement and statement of financial position. Supply the missing amount.
2. Prepare a' vertical analysis of both the income statement and statement of financial position.
3. Compute for the following ratios:
4. Profitability Ratios - Gross profit ratio; Net profit ratio: Return on shareholders' investment: Return on equity capital
5. Liquidity Ratios - Current ratio; Acid test / Quick ratio
6. Activity Ratios - Inventory turnover ratio; Receivables turnover ratio; Average collection period; Payable turnover ratio; Working capital turnover ratio; Fixed assets turnover ratio
7. Long-Term Solvency or Leverage Ratios- Debt-to-equity ratio; Equity ratio