Hope Corporation had the following comparative current assets and current liabilities for the years ended December 31, 2019 and 2020: 2020 2019 Current assets $22.900 $29.500 15,800 25,800 70,000 83,000 172,000 84,000 6,000 13,600 Cash Short-term investments Accounts receivable Inventory Prepaid expenses Total current assets Total non-current assets Current liabilities Accounts payable Salaries payable $286,700 $235.900 $444,000 $384.000 $167,000 $151,000 15,600 23,300 Income tax payable 19,000 17.400 During 2020. credit sales and cost of goods sold were $457.000 and $233,200 respectively. The 2019 credit sales were $488,000 and cost of goods sold was $274,000. Net cash provided by operating activities was $131.400 and $146,600 respectively for 2020 and 2019. At December 31, 2018, current liabilities were $192.200, accounts receivable was $69.200 and inventory was $93,000. The allowance for doubtful accounts at the end of each of the three years was zero. Industry Averages: Working capital $38,500 Current ratio: 1.20:1 Quick ratio: 0.65:1 Receivables average collection period: 30 days Days to sell inventory: 120 days Using retrospective (horizontal) analysis, calculate the percentage of base-year amount for 2019 to 2020, assuming that 2019 is the base year. (Round answers to 1 decimal place, eg. 15.2%) 2020 2019 Current assets Cash % Short-term investments % Accounts receivable X % % 96 Inventory % %6 Prepaid expenses Current liabilities % 96 Accounts payable % % Salaries payable % % Income Tax Payable Calculate the following liquidity measures for 2019 and 2020: (Round quick ratio to 2 decimal places, 03. 1.25. Round current ratio, accounts receivable turnover and inventory turnover to 1 decimal place. es. 15 2. Round receivables average collection period and days to sell inventory to decimal places, eg 125. Use 365 days for calculation) 2020 2019 1) Working capital (2) Current ratio : 1 1 31 Quick ratio - 1 (4a) Accounts receivables turnover times times (4b) Receivables average collection period days days times times (5) Inventory turnover days day Days to sell lwentory Calculate the net debt as a percentage of total capitalization solvency measure for 2019 and 2020. (Round answers to 1 decimal place, es 15.2%) 2020 2019 Net debt as a percentage of total capitalization