Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales Debtor's turnover ratio (based on net sales) 2 Inventory turnover ratio Fixed assets turnover ratio Debt to assets ratio $100,000 1.25 0.8 0.6 Net profit margin Gross profit margin Return on investment 5% 25% 2% Use the given information to fill out the templates for income statement and balance sheet given below: Income Statement of Footfall Manufacturinf Ltd. for the year ending December 31, 20XX (in S) Sales Cost of goods sold |Gross profit Other expenses Earnings before tax Таx (@ 50% Earnings after tax 100,000 Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (in S) Liabilities Equity Long term debt Amount Assets Net fixed assets Amount 50,000 Inventory Short term debt Debtors Cash ТОTAL ТОTAL
Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales Debtor's turnover ratio (based on net sales) 2 Inventory turnover ratio Fixed assets turnover ratio Debt to assets ratio $100,000 1.25 0.8 0.6 Net profit margin Gross profit margin Return on investment 5% 25% 2% Use the given information to fill out the templates for income statement and balance sheet given below: Income Statement of Footfall Manufacturinf Ltd. for the year ending December 31, 20XX (in S) Sales Cost of goods sold |Gross profit Other expenses Earnings before tax Таx (@ 50% Earnings after tax 100,000 Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (in S) Liabilities Equity Long term debt Amount Assets Net fixed assets Amount 50,000 Inventory Short term debt Debtors Cash ТОTAL ТОTAL
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 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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