Question: Please genuine answer , don't copy from anywhere please and do specify formulas. Question 5 (7 marks) You are working as the finance manager for

Please genuine answer , don't copy from anywhere please and do specify formulas.
Question 5 (7 marks) You are working as the finance manager for Inghams Ltd. The following data is available for the company as of 31 June 2021: Inventory Interest expense Cash Net sales (all credit) Accounts receivable Operating expenses Cost of goods sold Accounts payable Prepaid insurance Long term liabilities Accrued wages Income taxes Fixed Assets $206,250 $5,000 $180,000 $1,500,000 $225,000 $325,000 $937,500 $168,750 $80,000 $125,000 $65,000 35% $340,000 Required: a) Build an income statement for the company? (3 marks) b) Calculate the total equity and ROE of the company? (2 marks) c) Calculate the total asset turnover of the company (1 mark) d) Calculate inventory turnover of the company, given beginning and ending inventory is the same? (1 mark)
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