DIE With the ratios across the top and CL UI each transacuum nd the transactions down the lens AP12-17B (Ratio analysis of two companies) You have obtained the financial statements of Day Manufacturing an in the manufacturing industry. You have acquired the following info panies (amounts in thousands): 18 and Night Production, two companies information for an analysis of the com- Day Manufacturing 2020 2019 $ 24 $ 21 196 182 Night Production 2020 2019 $ 37 $ 35 273 280 230 154 120 7 224 400 322 170 175 308 236 Cash Accounts receivable Inventory Prepaid expenses Capital assets (net) Current liabilities Long-term debt Share capital-common shares Retained earnings Sales (all credit sales) Cost of goods sold Interest expense Taxes (30%) Net income 140 120 120 480 154 280 140 392 2.660 1,750 28 220 120 140 1,820 1,260 1,750 1,274 1,680 1,260 24 29 90 SO 210 182 Application Required a. Calculate the following ratios for the two companies for the two years. For 2019, assume the current year amount is equal to the average where required. i. Current ratio ii. Accounts receivable turnover iii. Inventory turnover iv. Debt to equity v. Interest coverage