Hope Corporation had the following comparative current assets and current liabilities for the years ended December 31, 2019 and 2020: 2020 2019 Current assets $23,900 $37.000 Cash Short-term investments 15,400 19,400 60,000 83,000 165,000 93,200 Accounts receivable Inventory Prepaid expenses Total current assets Total non-current assets 7.600 11,600 $271.900 $244,200 $449.000 $383,000 Current liabilities $171,400 $145.000 Accounts payable Salaries payable 13,600 25,700 25.000 15.800 Income tax payable Total current liabilities Total non-current liabilities $210.000 $186,500 $358,000 $310,000 During 2020, credit sales and cost of goods sold were $466,000 and $236,000 respectively. The 2019 credit sales were $491,000 and cost of goods sold was $269,000. Net cash provided by operating activities was $136,200 and $148,600 respectively for 2020 and 2019. At December 31, 2018, current liabilities were $194.600, accounts receivable was $69,000 and inventory was $89,000. 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, e.g. 15.2%.) 2020 2019 Current assets Cash 96 % Short-term investments %6 % Accounts receivable %6 %6 Inventory %6 % Prepaid expenses %6 Current liabilities Accounts payable %6 %6 Selaries payable %6 % Income Tax Payable %6 Calculate the following liquidity measures for 2019 and 2020: (Round quick ratio to 2 decimal places, eg. 1.25. Round current 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 decimal places, eg. 125. Use 365 days for calculation.) 2020 2019 (1) Working capital $ $ (2) Current ratio :1 :1 (3) Quick ratio :1 1 1 (4a) Accounts receivables turnover times times Ab) (45) Receivables average collection period days days (59) Inventory turnover times times (5b) 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