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Please answer asap :) HALAL COSMETICS LTD BALANCE SHEET AS...

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Accounting

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HALAL COSMETICS LTD BALANCE SHEET AS AT DEC 31, 2015 Note 1: A charge card, unlike a credit card, must be paid in full each month. HALAL COSMETICS LTD INCOME STATEMENT AS AT DEC 31, 2015 Suppose the industry's average gross margin in the cosmetics manufacturing sector is 33%. How does the gross margin for Halal Cosmetics Ltd as at Dec 31, 2015 compare to the industry average? Formulae for Financial Ratio Analysis - Current Ratio = Current Asset / Current Liabilities - Quick Ratio = Quick Assets / Current Liabilities - Working Capital = Current Asset - Current Liabilities - Gross Profit Margin (Expressed as \%) = Gross Sales / Sales - Profit Margin (Expressed as \%) = Net Income /Sales - Average Collection Period (\# Days) = (Accounts Receivables * 365) / Credit Sales - Average Inventory Period (\# Days) = (Average Inventory * 365) / Cost of Goods Sold - Average Inventory =( Beginning Inventory + Ending Inventory) /2 - Debt to Equity = Total Liabilities / Shareholders' Equity It fares worse than the industry average It is on par with the industry average It fares better than the industry average

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