Question: Using the info set below, create the company's balance sheet and income statement according to accepted accounting standards. Provide brief information about the financial situation

Using the info set below, create the company's balance sheet and income statement according to accepted accounting standards. Provide brief information about the financial situation of the company by calculating thenecessary financial ratios.

Mr. DAN's LLC

Vehicles 100.000

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

Customers 300.000

Short Term Notes Payables 50.000

Short Term Notes Receivables 100.000

Financial Expenses 50.000

Long Term Bank Credits 30.000

Advances Given for Purchases 50.000

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