VENTURE XyZ intends to make a financial report projection with projection data as of December 2020 as follows:

Sales (or sales) = IDR 210,000,000

Cost of goods sold (or cost of good sold) = 55% of sales

Tax rate = 35% of taxable income (or earnings before tax)

Cash (or cash) = IDR 120,000,000

It is projected that the business will profit (positive profit)

No shares are traded

Help VENTURE XyZ make a projection of financial statements as of December 2020 with the condition that it must include the data above and other data, please make your respective assumptions. Projection reports for December 2020 that must be prepared are:

a. Income statement

b. Balance report

c. Calculate the projected financial ratios based on the financial statements that have been made, with each of a minimum of 1 (one) for each category as follows:

1) Liquidity ratio

2) Conversion period ratio

3) Leverage ratios (debt ratio)

4) Profitability ratio

5) Efficiency ratio

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