Assume the following financial results fow a company INCOME STATEMENT 2020 2019 Sales 2,359,125 2,066,625 Cost of goods sold 1.441.125 1.282.500 Gross profit 918.000 784,125 Salaries Expense 456,225 428,438 Other expenses 255,047 245,442 Interest expense 30,375 33,188 Net income 176,353 77,058 BALANCE SHEET 2020 2019 Cash 112,500 174,375 Accounts receivable 258,750 202,500 Inventory 697,500 562,500 Equipment, net 956,250 756,563 Total assets 2,025,000 1,695,938 Accounts payable 143,000 53,000 Wages payable 195,000 95,000 Notes payable 548,438 559,125 Share capital 320,012 298,813 Retained earnings 818,550 690,000 Total liabilities & equity 2,025,000 1,695,938 REQUIRED Calculate the following including 2 decimal places in all answers Also, number your answers 1 - Quick ratio 2 - Asset turnover 3 - Horizontal analysis of interest expense 4 - Vertical analysis of Sales 5. Debt-to-equity ratio EA man