Problem 2 (20 Points): Using the data set below, create the company's balance sheet and income statement according to generally accepted accounting standards. Provide brief information about the financial situation of the company by calculating the financial ratios you deem necessary.

Mr. RAMs LLC

Vehicles	100 000
Sellers (Suppliers)	130 000
Domestic Sales	450 000
Long Term Payables to Shareholders	150 000
Cash and Cash Equivalents	10 000
Net Period Profit	30 000
Cost of Goods Sold	370 000
Short Term Bank Credits	70 000
Capital	200 000
Finished Goods	100 000
Buyers ( Customers )	300 000
Short Term Notes Payable	50 000
Short Term Notes Receivables	100 000
Financial Expenses	50 000
Long Term Bank Credit	30 000
Advances Given for purchases	50 000