By using the information provided above, prepare the correctly formatted balance sheet and income statement of the company for 2021. Please note that the list given above does not include all the items in the income statement. You should find these items and prepare the income statement for the company in the correct format.

1. (38 points) Jane is working for an investment bank as an equity analyst. Her manager gave her the financial statements of The Box of Chocolate Inc. Jane has to deterinine if the company is financially healthy or not. Unfortunately, both the balance sheet and the incoine statement of the company are not in the correct format. Furthermore, Jane spilled over coffee on some numbers, and she cannot read them now. Fortunately, she has some ratios that she can use to prepare the balance sheet and the income statement for 2021. The Box of Chocolate Inc. has 5 million shares outstanding and paid $1.54 as dividends to its shareholders at the end of 2021. The retained earnings at the beginning of 2021 was $12.9 million. Debt ratio = 0.4 TIE = 10 Current ratio = 1.4 Quick ratio = 1.0 Cash ratio = 0.2 ROA = 0.12 Inventory turnover = 5.0 Days Sales in Receivables = 73 days She listed the numbers slie can read from financial statements of the company in the table below in alphabetical order: Accounts payable 20 Accounts receivable Cash Common Stock Cost of Goods Sold Depreciation 20 Equity Fixed assets. net Inventories Long-term Debt Notes Payable Retained Earnings Sales Selling, general, and administrative expenses 10 Total assets 115 1 (38 points) Jane is working for an investment bank as an equity analyst. Her manager gave her the financial statements of The Box of Chocolate Inc. Jane has to determine if the company is financially healthy or not. Unfortunately, both the balance sheet and the income statement of the company are not in the correct format. Furthermore, Jane spilled over coffee on some numbers, and she cannot read them now. Fortunately, she has some ratios that she can use to prepare the balance sheet and the income statement for 2021. The Box of Chocolate Inc. has 5 million shares outstanding and paid $1.54 as dividends to its shareholders at the end of 2021. The retained earnings at the beginning of 2021 was $12.9 million. Debt ratio = 0.4 TIE = 10 Current ratio = 1.4 Quick ratio = 1.0 Cash ratio = 0.2 ROA = 0.12 Inventory turnover = 5.0 Days' Sales in Receivables = 73 days = She listed the numbers she can read from financial statements of the company in the table below in alphabetical order: Accounts payable 20 Accounts receivable Cash Common Stock Cost of Goods Sold Depreciation 20 Equity Fixed assets, net Inventories Long-term Debt Notes Payable 5 Retained Earnings Sales Selling, general, and administrative expenses 10 Total assets 115 1 (14 points) By using the information provided above, prepare the correctly formatted balance sheet and income statement of the company for 2021. Please note that the list given above does not include all the items in the income statement. You should find these items and prepare the income statement for the company in the correct format. 1. (38 points) Jane is working for an investment bank as an equity analyst. Her manager gave her the financial statements of The Box of Chocolate Inc. Jane has to deterinine if the company is financially healthy or not. Unfortunately, both the balance sheet and the incoine statement of the company are not in the correct format. Furthermore, Jane spilled over coffee on some numbers, and she cannot read them now. Fortunately, she has some ratios that she can use to prepare the balance sheet and the income statement for 2021. The Box of Chocolate Inc. has 5 million shares outstanding and paid $1.54 as dividends to its shareholders at the end of 2021. The retained earnings at the beginning of 2021 was $12.9 million. Debt ratio = 0.4 TIE = 10 Current ratio = 1.4 Quick ratio = 1.0 Cash ratio = 0.2 ROA = 0.12 Inventory turnover = 5.0 Days Sales in Receivables = 73 days She listed the numbers slie can read from financial statements of the company in the table below in alphabetical order: Accounts payable 20 Accounts receivable Cash Common Stock Cost of Goods Sold Depreciation 20 Equity Fixed assets. net Inventories Long-term Debt Notes Payable Retained Earnings Sales Selling, general, and administrative expenses 10 Total assets 115 1 (38 points) Jane is working for an investment bank as an equity analyst. Her manager gave her the financial statements of The Box of Chocolate Inc. Jane has to determine if the company is financially healthy or not. Unfortunately, both the balance sheet and the income statement of the company are not in the correct format. Furthermore, Jane spilled over coffee on some numbers, and she cannot read them now. Fortunately, she has some ratios that she can use to prepare the balance sheet and the income statement for 2021. The Box of Chocolate Inc. has 5 million shares outstanding and paid $1.54 as dividends to its shareholders at the end of 2021. The retained earnings at the beginning of 2021 was $12.9 million. Debt ratio = 0.4 TIE = 10 Current ratio = 1.4 Quick ratio = 1.0 Cash ratio = 0.2 ROA = 0.12 Inventory turnover = 5.0 Days' Sales in Receivables = 73 days = She listed the numbers she can read from financial statements of the company in the table below in alphabetical order: Accounts payable 20 Accounts receivable Cash Common Stock Cost of Goods Sold Depreciation 20 Equity Fixed assets, net Inventories Long-term Debt Notes Payable 5 Retained Earnings Sales Selling, general, and administrative expenses 10 Total assets 115 1 (14 points) By using the information provided above, prepare the correctly formatted balance sheet and income statement of the company for 2021. Please note that the list given above does not include all the items in the income statement. You should find these items and prepare the income statement for the company in the correct format