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 the necessary financial ratios.

Mr. DANs 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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