\fTo begin your assigment you gather the following nancial data and ratios that are typical of companies in Lyderr. Company's industry: Current ratio 2.3 Acidtest ratio 1.2 Average collection period 32 days Average sale period til] days Return on assets 9.9 'it: Dentin-equity ratio 9.9? \"limes interest earned ratio 5.9 Price-eamings ratio 19 Required: 1. Present the balance sheet in common-size format. [Round your percentage answers to 1 decimal place i.e.1 9.123 is considered as 123. Due to rounding. gures may not fully reconcile down a cirrrlumnjL Current assets: C hiarhetabie securities Accounts receivable, net inventory Prepaid expenses Total cement assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current Eabililies Note payable, 19% Total liabilities Stockholders equity: Common stock, STE- par rraiue Retained earnings Total stocldroiders' eouity Total liabilities and equity 2. Present the income statement in common-size folmat down through net inoome. [Round your percentage answers to 1 decimal place i.e., [L123 is considered as 12.3. Due to rounding, gures may not fully reconcile down a column.) Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes {Ellis}