A) using the ratios provided, recreate the financial statements as shown using formulas

B) complete the financial statements by using formulas that refer to existing data to fill the remainiing cells

careful-TRS HOMTu PROTECTED VIEW Be Powerful Tools Inc. Income Statement Powerful Tools Inc Balance Sheet As of December 31, 2017 3For the Year Ended December 31, 2017 2017 RatioAssets Formula Sales 6 Cost of Goods Sold 7 Gross Profit 8 Operating Expenses 70,000 50,000 Ratio Formula 1,000,000 Formula Ratio Accounts Receivable FormulaInventories Total Current Assets Ratio FormulaGross Fixed Assets Formula Earnings Before Interest and Taxes . 10 Interest Expense 11 Earnings Before Taxes ormu 12 Taxes 13 Net Income FormulaNet Fxed Assets Ratio Total Assets Liabilities and Owner's Equity Accounts Payable Short-term Bank Notes 0,000 14 15 Notes: Tax Rate 16 17 Ratio 20,000 Formula Formula Ratio Ratio Formula Formula 40% Value Total Current Liabilities 18 Inventory Turnover 19 Net Profit Margin 20 Total debt ratio 21 Gross Profit Margin 22 Operating Profit Margin 23 Return on Total Assets 5.00x Long-term Debt Total Liabilities Common Equity 60.00% 30.00% 15.00% 5.00% 50.00% Total Liabilities and Owner's Equity 24Long-Term Debt Rato 25 26 27 Ready Buscar en Internet y en Windows