Hope Corporation had the following comparative current assets and current liabilities for the years ended December 31, 2019 and 2020: 2020 2019 Current assets Cash $24,700 $29,000 Short-term investments 19,000 19,400 Accounts receivable 73,000 94,000 Inventory 167,000 86,400 Prepaid expenses 7,200 10,400 Total current assets $290,900 $239,200 Total non-current assets $453,000 $383,000 Current liabilities Accounts payable $171,000 $155,000 Salaries payable 17,800 23,300 Income tax payable 18,600 14,200 Total current liabilities $207,400 $192,500 Total non-current liabilities $334,000 $291,000 During 2020, credit sales and cost of goods sold were $454,000 and $240,800 respectively. The 2019 credit sales were $492,000 and cost of goods sold was $251,000. Net cash provided by operating activities was $136,600 and $143,000 respectively for 2020 and 2019. At December 31, 2018, current liabilities were $190,200, accounts receivable was $69,800 and inventory was $90,600. 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 % % Inventory % % Prepaid expenses % % Current liabilities Accounts payable % % Salaries payable % % Income Tax Payable % Calculate the following liquidity measures for 2019 and 2020: (Round quick ratio to 2 decimal places, eg. 125. Round aurrent ratio, accounts receivable turnover and inventory turnover to 1 decimal place eg. 15.2. Round receivables average collection period and days to sell inventory to O decimal places, eg. 125. Lise 365 days for calculation) 2020 2019 (1) Working capital $ (2) Current ratio :1 :1 (3) Quick ratio :1 :1 (4a) Accounts receivables turnover times times (46) Receivables average collection period days days (5a) Inventory turnover times times (56) Days to sell inventory days days Calculate the net debt as a percentage of total capitalization solvency measure for 2019 and 2020. (Round answers to 1 decimal place eg 15.2%) 2020 2019 Net debt as a percentage of total capitalization % %