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Football Manufacturing Ltd Balance Sheet as at December 31 20xx ...

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Accounting

Football Manufacturing Ltd
Balance Sheet as at December 31 20xx
Liabilities Amount Assets Amount
Equity Net Fixed Assets
Long term debt 50,000 Inventory
Short term debt Debtors
Cash
TOTAL TOTAL

Net Sales $100,000

Debtors 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 balance sheet given above

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