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| Football Manufacturing Ltd |
| Balance Sheet as at December 31 20xx |
| Liabilities | Amount | Assets | Amount |
| Equity | | Net Fixed Assets | |
| Long term debt | 50,000 | Inventory | |
| Short term debt | | Debtors | |
| | | Cash | |
| TOTAL | | TOTAL | |
Net Sales $100,000
Debtors turnover ratio (based on net sales) 2
Inventory turnover ratio 1.25
Fixed assets turnover ratio 0.8
Debt to assets ratio 0.6
Net profit margin 5%
Gross profit margin 25%
Return on investment 2%
Use the given information to fill out the balance sheet given above
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