Question 3Footfall Manufacturing Ltd. reports the following financialinformation 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 5% gross profit margin 25% return on investments 2% Use the given information to fill out the templates for incomestatement and balance sheet given below: Income Statement of Footfall Manufacturing Ltd. for the year endingDecember 31, 20XX(in $) Sales 100,000 Cost of goods sold gross profit other expenses earnings before tax tax @ 50% Earnings after tax Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX(in $) Liabilities Amount Assets Amount Equity Net fixed assets long term debt 50,000 Inventory short term debt debtors cash Total Total
Question 3Footfall Manufacturing Ltd. reports the following financialinformation 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 5% gross profit margin 25% return on investments 2% Use the given information to fill out the templates for incomestatement and balance sheet given below: Income Statement of Footfall Manufacturing Ltd. for the year endingDecember 31, 20XX(in $) Sales 100,000 Cost of goods sold gross profit other expenses earnings before tax tax @ 50% Earnings after tax Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX(in $) Liabilities Amount Assets Amount Equity Net fixed assets long term debt 50,000 Inventory short term debt debtors cash Total Total
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 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Question 3
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 | 5% |
| gross profit margin | 25% |
| 2% |
Use the given information to fill out the templates for income
statement and
Income Statement of Footfall Manufacturing Ltd. for the year ending
December 31, 20XX
(in $)
| Sales | 100,000 |
| Cost of goods sold | |
| gross profit | |
| other expenses | |
| earnings before tax | |
| tax @ 50% | |
| Earnings after tax |
Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX
(in $)
| Liabilities | Amount | Assets | Amount |
| Equity | Net fixed assets | ||
| long term debt | 50,000 | Inventory | |
| short term debt | debtors | ||
| cash | |||
| Total | Total |
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