Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales $100,000 Debtor's turnover ratio (based on net sales) | 2 Inventory turnover ratio Fixed assets turnover ratio 1.25 0.8 Debt to assets ratio 0.6 Net profit margin Gross profit margin 5% 25% 2% Return on investment Use the given information to fill out the templates for income statement and balance sheet given below:
Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales $100,000 Debtor's turnover ratio (based on net sales) | 2 Inventory turnover ratio Fixed assets turnover ratio 1.25 0.8 Debt to assets ratio 0.6 Net profit margin Gross profit margin 5% 25% 2% Return on investment Use the given information to fill out the templates for income statement and balance sheet given below:
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 25BEB: Jasmine Company provided the following income statements for its first 3 years of operation: Refer...
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Question
![Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (n $)
Liabilities
Amount
Assets
Amount
Equity
Long term debt
Short term debt
Net fixed assets
50,000
Inventory
Debtors
Cash
Total
Total](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5242ad41-f58f-4044-bdae-31e05e3196c3%2Fb56af0eb-e01c-4bfa-ac2a-317d0350c25b%2F0r8eyi9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (n $)
Liabilities
Amount
Assets
Amount
Equity
Long term debt
Short term debt
Net fixed assets
50,000
Inventory
Debtors
Cash
Total
Total
![Footfall Manufacturing Ltd. reports the following financial information at the end
of the current year
Net Sales
$100,000
Debtor's turnover ratio (based on net sales) 2
Inventory turnover ratio
1.25
Fixed assets turnover ratio
0.8
Debt to assets ratio
0.6
Net profit margin
Gross profit margin
5%
25%
Return on investment
2%
Use the given information to fill out the templates for income statement and
balance sheet given below.
Income Statement of FdfalOfanufacturing Ltd. for the year ending December
31, 20XX
(in S)
Sales
100,000
Cost of goods sold
Gross profit
Other expenses
Earnings before tax
Таx @ 50%
Earnings after tax](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5242ad41-f58f-4044-bdae-31e05e3196c3%2Fb56af0eb-e01c-4bfa-ac2a-317d0350c25b%2Fkw719tm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Footfall Manufacturing Ltd. reports the following financial information at the end
of the current year
Net Sales
$100,000
Debtor's turnover ratio (based on net sales) 2
Inventory turnover ratio
1.25
Fixed assets turnover ratio
0.8
Debt to assets ratio
0.6
Net profit margin
Gross profit margin
5%
25%
Return on investment
2%
Use the given information to fill out the templates for income statement and
balance sheet given below.
Income Statement of FdfalOfanufacturing Ltd. for the year ending December
31, 20XX
(in S)
Sales
100,000
Cost of goods sold
Gross profit
Other expenses
Earnings before tax
Таx @ 50%
Earnings after tax
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