Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, Alberta, and its 2020 and 2019 balance sheets and income statements follow. Alberta Playground Inc. Balance Sheet ($000) Years Ended March 31 2020 2019 Assets Current assets Cash and cash equivalents $ 77,491 $ 54,819 Receivables 460,807 367,069 Inventories 662,194 566,754 Prepaid expenses and other assets 50,940 29,494 Non-strategic investment 27,743 0 Other current assets 32,923 28,242 Total current assets $ 1,312,098 $ 1,046,378 Portfolio investment 0 41,343 Property, plant, and Equipment 1,027,150 1,038,756 Goodwill 847,830 716,695 Trademarks and other intangibles 339,038 316,613 Other assets 138,193 93,666 Total assets $ 3,664,309 $ 3,253,451 Liabilities Current liabilities Bank loans $ 170,589 $ 61,572 Accounts payable and accrued liabilities 573,779 471,106 Income taxes payable 198,638 149,377 Current portion of long term debt 28,199 8,639 Total current liabilities $ 971,205 $ 690,694 Non-Current Liabilities Long-term debt 378,480 380,790 Other liabilities 188,983 153,369 Total liabilities $ 1,538,668 $ 1,224,853 Equity Common shares $ 617,675 $ 584,749 Retained earnings 1,507,966 1,443,849 Total equity $ 2,125,641 $ 2,028,598 Total liabilities and equity $ 3,664,309 $ 3,253,451 Alberta Playground Inc. Income Statement ($000) Years Ended March 31 2020 2019 Revenues $ 6,025,470 $ 5,810,582 Cost of sales, selling and administrative expenses 5,235,330 5,118,511 Depreciation and amortization expense 104,832 113,506 Operating profit 685,308 578,565 Interest on long-term debt 23,211 29,901 Other expenses 14,263 5,161 Earnings before income taxes 647,834 543,503 Income taxes 196,715 160,789 Profit $ 451,119 $ 382,714 Assume the common shares represent 203,830 (thousand) shares issued and outstanding for the entire year ended March 31, 2020. Required: 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2020 and 2019. (Round the final percentage answers to 2 decimal places.) 2. Calculate the 2020 ratios for Alberta Playground Inc. including a comparison against the industry averages. (Round the final answers to 2 decimal places.)