Assume the common shares represent 203,830 (thousand) shares issued and outstanding for the entire year ended March 31, 2017 Required 1. Prepare a common-size balance sheet and income statement on a comparative basis for 2017 and 2016. Identify any significant changes from 2016 to 2017. Round calculations to two decimal places. 2. Calculate the 2017 ratios for Alberta Playground Inc. by completing the schedule below, including a comparison against the industry averages in Exhibit 17.11. Round calculations to two decimal places Favourable (F or Unfavourable (U) Ratio Calculation Current ratio Total asset turnover Debt ratio Equity ratio Times interest earned... Profit margin Return on total assets Earnings per share Click here for a description of Table: Problem 17-7A; Ratio Calculations for 2017 Analysis Component: Alberta's management monitors changes to the debt ratio closely to help maximize the company's return on total assets. Explain how a strategy for keeping a strong balance sheet by managing debt loads helps maintain the desired return on total assets