Requirements:

$-1$ Complete the accounting cycle

$-2$ Prepare financial statements on the provided template

$-3$ Calculate forecasted sales based on the GDP Growth rate of year $2022.$

$-4$ Prepare forecasted income statement for next year using common size analysis.

$-5$ Prepare common size analysis of balance sheet.

$-6$ Calculate following ratios:

Current ratio, acid test ratio, collection period, days to sell inventory, total debt to equity, return on assets

return on equity, net profit margin, cash turnover, accounts receivable turnover, working capital turnover,

Property plant and equipment turnover, total assets turnover, earning per share