The financial statements of LMN Company Ltd are provided below. Your task

is to compare LMN Company Ltd.'s profit performance and financial position to the industry average. Prepare standard-sized financial statements and compare your results to industry average.

			Industry Average
Revenue	P 972,500.00		100%
Cost of Goods Sold	653,520.00		65.8%
Gross Profit	318,980.00		34.2%
Operating Expenses	201,307.50		19.7%
Other Expenses	5,835.00		0.4%
Net Income	111,837.50		14.1%
Current Assets	406,800.00		70.9%
Fixed Assets, net	151,200.00		23.6%
Intangible Assets, net	10,800.00		0.8%
Other Assets	31,200.00		4.7%
Total Assets	600,000.00		100%
Total Current Liabilities	278,400.00		48.1%
Long Term Debt	134,400.00		16.6%
Owners Capital	187,200.00		35.3%
	600,000.00		100%