Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net sales $100.000 Debtors’ turnover ratio (based on 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 investment 2% Use the given information to fill out the templates for the income statement and balance sheet given below: 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
Footfall Manufacturing Ltd. reports the following financial information at the end of the current year:
|
Net sales |
$100.000 |
|
Debtors’ turnover ratio (based on 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 investment |
2% |
Use the given information to fill out the templates for the 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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