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:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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