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Using the info set below, create the company's balance sheet and income statement according to accepted accounting standards. Provide brief information about the financial situation
Using the info set below, create the company's balance sheet and income statement according to accepted accounting standards. Provide brief information about the financial situation of the company by calculating the necessary financial ratios.
Mr. DANs LLC
| Vehicles | 100.000 |
| Suppliers | 130.000 |
| Domestic Sales | 450.000 |
| Long Term Payables to Shareholders | 150.000 |
| Cash and Cash Equivalents | 10.000 |
| Net Period Profit | 30.000 |
| Cost of Goods Sold | 370.000 |
| Short Term Bank Credits | 70.000 |
| Capital | 200.000 |
| Finished Goods | 100.000 |
| Customers | 300.000 |
| Short Term Notes Payables | 50.000 |
| Short Term Notes Receivables | 100.000 |
| Financial Expenses | 50.000 |
| Long Term Bank Credits | 30.000 |
| Advances Given for Purchases | 50.000 |
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