Question: Make Income Statement and Balance Sheet using following information: Debt to Assets = 45% Quick Ratio = 1.5 Asset Turnover = 3 times Fixed Asset

Make Income Statement and Balance Sheet using following information:

Debt to Assets = 45%

Quick Ratio = 1.5

Asset Turnover = 3 times

Fixed Asset Turnover = 8 times

Current Ratio = 1.5:1

Average Collection Period = 20 days

CGS = Rs.2,280,000

ROA = 35%

Operating Profit Margin = 44%

Gross Profit Margin = 62%

Taxes 33% of EBT

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