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% Return on investment 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 $) 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 Assets 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
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 investment 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 $)
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 Assets
Equity Net fixed assets
Long term debt 50,000 Inventory
Short term debt Debtors
Cash
TOTAL TOTAL
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